‘Missing’ Chinese Billionaire Reappears, Drops $1 Billion to Build New University

Before Jack Ma’s Alibaba and Pony Ma’s Tencent became the titans in China’s tech industry, there was Chen Tianqiao’s Shanda.

PImage via Wikimedia Commons / Comms88  (CC BY-SA 4.0)

Chen, who became a billionaire at 30, founded the gaming company in 1999 — a time when Chinese entrepreneurs rushed to build their own internet portals akin to then-popular Yahoo!.

With his wife Chrissy and younger brother, Chen shelled out $60,000 to launch Shanda, which eventually developed its own...

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