Chinese Immigrants Increase Philanthropy In Their New Homeland

From Los Angeles Times:

Pasadena resident Ming Hsieh made a fortune from fingerprint identification software that helps U.S. authorities catch welfare cheats, guard the border and assist police in cracking cases.

Cyrus Tang built a Las Vegas-based business empire of specialty steel, pharmaceuticals and furniture. And in the heart of Silicon Valley, Jerry Yang developed one of the largest Internet search engines in the world — Yahoo.

All three wildly successful entrepreneurs are Chinese immigrants, and now they and others like them are giving back to their adopted homeland in a new gold rush of philanthropy that is bringing hundreds of millions of dollars to U.S. universities, think tanks and other nonprofit groups.


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