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Chao Kuang Piu High-tech Development Fund
The Chao Kuang Piu High-tech Development Fund (Traditional Chinese: 曹光彪高科技發展基金; Simplified Chinese: 曹光彪高科技发展基金), is a Funding, fund at Zhejiang University, for promoting high-tech innovation and technology development, development. Introduction The Hong Kong-based Business magnate, industrial magnate Chao Kuang Piu (曹光彪), who is a Zhejiang native, donated 10 million Hong Kong dollar, HK dollar to Zhejiang University. The goal of the fund is to promote high-tech innovation and development at Zhejiang University. The fund is named after Chao Kuang Piu for his generous financial supports and contributions to the university. Chao again donated 18 million HKD to the university. The donation was used to build the ''Chao Kuang Piu High-tech Building'' (曹光彪科技大樓/曹光彪科技大楼), which is coupled with the fund. December 2001, Chao further donated 20 million HKD to found the current ''Chao Kuang Piu High-tech Talent Fund'' ( ...
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Traditional Chinese
A tradition is a belief or behavior (folk custom) passed down within a group or society with symbolic meaning or special significance with origins in the past. A component of cultural expressions and folklore, common examples include holidays or impractical but socially meaningful clothes (like lawyers' wigs or military officers' spurs), but the idea has also been applied to social norms such as greetings. Traditions can persist and evolve for thousands of years—the word ''tradition'' itself derives from the Latin ''tradere'' literally meaning to transmit, to hand over, to give for safekeeping. While it is commonly assumed that traditions have an ancient history, many traditions have been invented on purpose, whether that be political or cultural, over short periods of time. Various academic disciplines also use the word in a variety of ways. The phrase "according to tradition", or "by tradition", usually means that whatever information follows is known only by oral tradi ...
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Simplified Chinese
Simplification, Simplify, or Simplified may refer to: Mathematics Simplification is the process of replacing a mathematical expression by an equivalent one, that is simpler (usually shorter), for example * Simplification of algebraic expressions, in computer algebra * Simplification of boolean expressions i.e. logic optimization * Simplification by conjunction elimination in inference in logic yields a simpler, but generally non-equivalent formula * Simplification of fractions Science * Approximations simplify a more detailed or difficult to use process or model Linguistics * Simplification of Chinese characters * Simplified English (other) * Text simplification Music * Simplified (band), a 2002 rock band from Charlotte, North Carolina * ''Simplified'' (album), a 2005 album by Simply Red * "Simplify", a 2008 song by Sanguine * "Simplify", a 2018 song by Young the Giant from ''Mirror Master Mirror Master is the name of several supervillains appearing in Am ...
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Funding
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources. Sources of funding include credit, venture capital, donations, grants, savings, subsidies, and taxes. Fundings such as donations, subsidies, and grants that have no direct requirement for return of investment are described as "soft funding" or "crowdfunding". Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal per the Jumpstart Our Business Startups Act (alternately, the "JOBS Act of 2012") (U.S.) is known as equity crowdfunding. Funds can be allocated for either short-term or long-term purposes. Economics In ec ...
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Zhejiang University
Zhejiang University, abbreviated as ZJU or Zheda and formerly romanized as Chekiang University, is a national public research university based in Hangzhou, Zhejiang, China. It is a member of the prestigious C9 League and is selected into the national higher education plans including Double First Class University Plan, Project 985, and Project 211; ZJU is consistently ranked among the top 5 academic institutions in mainland China. Founded as Qiushi Academy in 1897, it is the oldest university in Zhejiang and one of the oldest in China. After the 1911 Revolution, the university was shut down by the government in 1914 and was re-established as National Third Chungshan University in 1927 and renamed as National Chekiang University (NCKU) in 1928. During the presidency of Chu Kochen from 1936 to 1949, despite relocation due to World War II, the university became one of the famous four universities in China. British biochemist Joseph Needham hailed the university as "Cambri ...
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High-tech
High technology (high tech), also known as advanced technology (advanced tech) or exotechnology, is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or the newest technology on the market. The opposite of high tech is ''low technology'', referring to simple, often traditional or mechanical technology; for example, a slide rule is a low-tech calculating device. When high tech becomes old, it becomes low tech, for example vacuum tube electronics. The phrase was used in a 1958 ''The New York Times'' story advocating "atomic energy" for Europe: "... Western Europe, with its dense population and its high technology ...." Robert Metz used the term in a financial column in 1969, saying Arthur H. Collins of Collins Radio "controls a score of high technology patents in a variety of fields." and in a 1971 article used the abbreviated form, "high tech." A widely used classification of high-technological manuf ...
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Innovation
Innovation is the practical implementation of ideas that result in the introduction of new goods or service (economics), services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies. Innovation often takes place through the development of more-effective product (business), products, processes, Service (economics), services, technologies, art works or business models that innovators make available to Market (economics), markets, governments and society. Innovation is related to, but not the same as, invention: innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society, and not all innovations require a new invention. Tech ...
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Technology Development
Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existing ones. Research and development constitutes the first stage of development of a potential new service or the production process. R&D activities differ from institution to institution, with two primary models of an R&D department either staffed by engineers and tasked with directly developing new products, or staffed with industrial scientists and tasked with applied research in scientific or technological fields, which may facilitate future product development. R&D differs from the vast majority of corporate activities in that it is not intended to yield immediate profit, and generally carries greater risk and an uncertain return on investment. However R&D is crucial for acquiring larger shares of the market through the marketisation o ...
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Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the most densely populated places in the world. Hong Kong is also a major global financial centre and one of the most developed cities in the world. Hong Kong was established as a colony of the British Empire after the Qing Empire ceded Hong Kong Island from Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898... British Hong Kong was occupied by Imperial Japan from 1941 to 1945 during World War II; British administration resumed afte ...
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Business Magnate
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals have been known by different terms throughout history, such as industrialists, robber barons, captains of industry, czars, moguls, oligarchs, plutocrats, or taipans. Etymology The term ''magnate'' derives from the Latin word ''magnates'' (plural of ''magnas''), meaning "great man" or "great nobleman". The term ''mogul'' is an English corruption of ''mughal'', Persian or Arabic for "Mongol". It alludes to emperors of the Mughal Empire in Medieval India, who possessed great power and storied riches capable of producing wonders of opulence such as the Taj Mahal. The term ''tycoon'' derives f ...
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Chao Kuang Piu
Chao Kuang Piu SBS (; 24 November 1920 – 12 March 2021) was a Hong Kong-based Chinese industrialist, sometimes referred to as Hong Kong's "Wool Magnate" given his involvement in Hong Kong's garment industry. He was one of the co-founders of Dragonair, Hong Kong's first Chinese-owned airline, which was subsequently acquired by Cathay Pacific. Chao was a recipient of Hong Kong's Silver Bauhinia Star award in 2002. Biography Chao was born on 24 November 1920 in Shanghai. His father was a successful businessman in Shanghai. The family traced its ancestry to Ningbo in the Zhejiang province in China. At the age of 17, he had to quit studies when his mother died and his father was critically ill. In 1950, Chao went to British Hong Kong to set up his business by importing wool-spinning equipment from England and starting his wool-spinning factory. He set up the garment manufacturing and trading company Novel Enterprises in 1964. His career has been noted for growing the then ...
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Zhejiang
Zhejiang ( or , ; , also romanized as Chekiang) is an eastern, coastal province of the People's Republic of China. Its capital and largest city is Hangzhou, and other notable cities include Ningbo and Wenzhou. Zhejiang is bordered by Jiangsu and Shanghai to the north, Anhui to the northwest, Jiangxi to the west and Fujian to the south. To the east is the East China Sea, beyond which lies the Ryukyu Islands. The population of Zhejiang stands at 64.6 million, the 8th highest among China. It has been called 'the backbone of China' due to being a major driving force in the Chinese economy and being the birthplace of several notable persons, including the Chinese Nationalist leader Chiang Kai-shek and entrepreneur Jack Ma. Zhejiang consists of 90 counties (incl. county-level cities and districts). The area of Zhejiang was controlled by the Kingdom of Yue during the Spring and Autumn period. The Qin Empire later annexed it in 222 BC. Under the late Ming dynasty and ...
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Hong Kong Dollar
The Hong Kong dollar (, sign: HK$; code: HKD) is the official currency of the Hong Kong Special Administrative Region. It is subdivided into 100 cents or 1000 mils. The Hong Kong Monetary Authority is the monetary authority of Hong Kong and the Hong Kong dollar. Three commercial banks are licensed by the Hong Kong Monetary Authority to issue their own banknotes for general circulation in Hong Kong. These banks, HSBC, Bank of China, and Standard Chartered, issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$150, HK$500, and HK$1000, with all designs being similar to one another in the same denomination of banknote. However, the HK$10 banknote and all coins are issued by the Government of Hong Kong. As of April 2019, the Hong Kong dollar is the ninth most traded currency in the world. Hong Kong uses a linked exchange rate system, trading since May 2005 in the range US$1:HK$7.75–7.85. Apart from its use in Hong Kong, the Hong Kong dol ...
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