Billionaire Contributes $45.6 Million to Special Fund for Cybersecurity Studies

A Chinese billionaire gave the initial capital of 300 million yuan ($45.6 million) to the first special fund for cybersecurity launched by the government on Tuesday, Feb. 2, the Global Times reported

Zheng Jiachun, the president of Hong Kong-based Chow Tai Fook Jewelry vGroup and a member of the National Committee of the Chinese People’s Political Consultative Conference, provided the fund’s initial endowment.

“The endowment shows support for the development of national cybersecurity,” Wang Xiujun, deputy director of the Cyberspace Administration of China (CAC), said. For the full article click here  

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