Billionaire Chen creates biggest education prize

Tencent Holdings co-founder wants to give rewards to leading educators

After helping make Tencent Holdings one of the top internet companies in China, Chen Yidan, one of the founders of the Shenzhen-based web giant, has begun a new journey to create and develop the biggest education prize in the world.

In May the billionaire established his Yidan Prize, with a total of HK$60 million ($7.6 million), to award outstanding individuals including teachers or groups of people who work in the field of education.