Alumni joke that most students and graduates of Beijing Normal University are poor, and in the end, they can only rely on their (Duan Yongping's mom's) kids getting rich to donate. Li Ao also once shared an old saying from the Republic of China era: 'Beida is old, Shida is poor, only Tsinghua can make things work.' It seems like Duan Yongping is the mainland Chinese billionaire who has donated the most to universities? Some stats even missed a few, like his $30 million donation to Renmin University. He might only be second to Li Ka-shing, who has donated hundreds of billions overall, including 6 billion RMB to Shantou University. In the crypto world, the buzz is about Li Lin donating 30 million RMB to his alma mater, Hengyang No. 8 High School, which shocked the local community. On the other hand, there’s the scammer Zhang Yufeng, who faked a 50 million RMB donation to Shenzhen University, and in the end, even Shenzhen University didn’t dare to respond.