Entrepreneurs donate more to education sector

The education sector is gaining more popularity and capital from Chinese entrepreneurs, especially from tech heavyweights ramping up their donations.

The latest Hurun report showed education has become the biggest recipient of donations by Chinese entrepreneurs, accounting for 35 percent of the total.

Charles Chen Yidan, co-founder of Tencent Holdings Ltd, is the second-biggest donor in the Hurun China Philanthropy List 2019, behind only Lu Weiding, CEO of the Hangzhou-based auto parts manufacturer Wanxiang Group.