Xiaomi Co-Founder Lei Jun Donates $183 Million to Wuhan University

What’s new: Co-founder and CEO of Chinese smartphone-maker Xiaomi Corp., Lei Jun, has donated 1.3 billion yuan ($183 million) to his alma mater Wuhan University, the school said Wednesday.

The cash donation, made in celebration of the school’s 130th anniversary, has set a record for the largest single donation in the university’s history and the largest individual alumni cash donation ever received by a Chinese mainland university, Wuhan University said in a social media post.