Real Estate Enterprise Rundili has agreed to give an annual 10 million RMB donation to the College of Engineering for five years in a row. In addition, Rundili will set up a foundation of 100 million RMB to support the College’s advancement in technology transfer and entrepreneurship.

On December 7, Dean Shiyi Chen of COE signed the agreement with Rundili President Heping Wang. Peking University President Qifeng Zhou was present at the ceremony to receive the gift on behalf of Peking University. Leaders of the two parties showed a common anticipation that this move will bring new opportunities for the joint development of PKU and Rundili.

Rundili Real Estate Investment Group was established by its Wang in 1998 in Jiangsu Province. In the last decade, the group has built many distinguished skyscrapers including the 55-story Runhua International Tower..

Today, the company has expanded its business to a five-star hotel management, exterior and interior building decorations, comprehensive property management, real estate agency for major cities and also the culture industry. By giving endowment and setting up the foundation for technology transfer in the College of Engineering, the company wishes to switch its future business to the high-technology industry.