The widow of SenseTime founder establishes a charitable foundation, with an initial donation of 20 million yuan

The "Mingxin Charity Foundation," established by the late SenseTime (00020.HK) founder Tang Xiaoou's widow Yang Qiumei, has officially launched, aiming to promote education and the development of innovative technology. In the first phase, it will donate HKD 20 million to establish a professorship and scholarships at universities to facilitate breakthroughs in scientific research and cultivate talent in the field of artificial intelligence.

In the first phase, the foundation will donate HKD 10 million to the Chinese University of Hong Kong as a seed fund to establish the "Tang Xiaoou Chair in Engineering" and set up the "Tang Xiaoou Scholarship" worth HKD 10 million, which will be awarded to outstanding doctoral students engaged in artificial intelligence research at the Chinese University of Hong Kong, the University of Hong Kong, the Hong Kong University of Science and Technology, and Nanyang Technological University in Singapore. It is expected that over 30 students will benefit