The Starry Night Foundation
| Company type | Non-profit organization |
|---|---|
| Founded | July 2020 |
The Starry Night Foundation is an international non-profit charitable trust in the field of scientific and medical research set up by entrepreneur Colin Huang and the founding team of Pinduoduo.[1][2][3] The foundation is overseen by independent trustees.[4]
Foundation
[edit]Starry Night Foundation was launched in July 2020.[5][6] According to Bloomberg, Huang and the Pinduoduo founding team donated 2.37% of Pinduoduo shares to the irrevocable trust to support fundamental research in biomedical science, agriculture and food.[7][8]
In March 2021, it was announced that the Starry Night Foundation will be setting up a management council and academic committee for one of Starry Night’s science funds. The Starry Night Foundation committee has on board Professor Michael Levitt, who was awarded the Nobel Prize in Chemistry in 2013, and Professor Raoul Bino of Wageningen University & Research.[9][10]
References
[edit]- ^ Choi, Martin (11 May 2021). "Pinduoduo's founder is China's top donor with US$1.85 billion in charity". South China Morning Post. Retrieved 27 June 2022.
- ^ LAU, YVONNE. "China's Big Tech billionaires up philanthropic giving as Beijing cracks down". Fortune. Retrieved 11 July 2022.
- ^ Jingli, Song (2 July 2020). "Pinduoduo names new CEO, founder Colin Huang remains as chairman". KrASIA. Retrieved 11 July 2022.
- ^ Huang, Colin. "Letter to Pinduoduo staff: Another baby step of Pinduoduo | Pinduoduo Inc". investor.pinduoduo.com. Retrieved 11 July 2022.
- ^ Birch, Kate (1 February 2022). "Top 6 Chinese philanthropists to mark Year of the Tiger". businesschief.asia. Retrieved 27 June 2022.
- ^ McMorrow, Ryan (1 July 2020). "Pinduoduo founder steps down as chief and reduces personal stake". Financial Times. Retrieved 11 July 2022.
- ^ "Pinduoduo Founder Foundation Donates $100 Million to Alma Mater". Bloomberg.com. 18 March 2021. Retrieved 27 June 2022.
- ^ CAMPBELL, CHARLIE. "How China Is Cracking Down on Its Once Untouchable Tech Titans". Time. Retrieved 11 July 2022.
- ^ University, Zhejiang. "Zhejiang University and Pinduoduo's Starry Night Foundation to jointly establish the ' Shanghai Institute for Advanced Study of ZJU Starry Night CharitableTrust'". sias.zju.edu.cn. Retrieved 11 July 2022.
- ^ University, Zhejiang. ""The Starry Night Science Fund at Shanghai Institute of Advanced Study, Zhejiang University" was Inaugurated by Zhejiang University and the Starry Night Charity Fund". en.zuef.zju.edu.cn. Retrieved 11 July 2022.