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Chinese billionaire Cao Dewang plans to build a world-class university

Next to his desk stood the final model for the design of Fuyao University of Science and Technology. He told of his plan for the 212-acre campus.

Chinese billionaire Cao Dewang plans to build a world-class university

At the office of his Heren Charitable Foundation in the Chinese city of Fuzhou on Dec. 6, 75-year-old Cao Dewang was full of energy. Next to his desk stood the final model for the design of Fuyao University of Science and Technology. He told of his plan for the 212-acre campus.

Cao Dewang, also known as Cho Tak Wong or Tak Wong Cho, is a Chinese entrepreneur. He is the chairman of Fuyao Group, one of the largest glass manufacturers in the world.

Cao Daweng, the Chinese billionaire founder of Fuyao Glass Industry Group made famous by the Oscar-winning 2019 documentary American Factory, is planning to invest 10 billion yuan (US$1.54 billion) to build a technology university in China, as the country pushes for self-reliance amid a protracted tech war with the US.

“Fuyao University of Science and Technology is being established to cultivate applied and technical talent for the country’s economy and advanced manufacturing industry,” said Cao-founded Heren Charity Foundation, which will lead the project, in a statement on Sunday.

Located in Fuzhou, the capital city of China’s southeastern Fujian province and home to Fuyao’s headquarters, the new university plans to enrol 3,000 to 5,000 students from across the country, focusing on bridging the skills gap between the laboratory and the real world, according to local media Fuzhou News.

Billing itself as a “cradle of engineers”, Fuyao University of Science and Technology intends to adopt educational best practices from Europe, the US, Japan and South Korea, and will seek to cooperate with top-tier global universities.

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