Why China’s billionaire-backed research universities are looking for more money

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Five research-intensive universities in China that are heavily reliant on funding from philanthropic tycoons are expanding enrolment – doubling it in some cases – and adding hot tech majors.But they are vying with hundreds of better-known, larger and longer-established universities – some of which are also admitting more students – as they seek more revenue from tuition fees.Whether the newer universities’ unusual moneymaking models will be able to support their long-term research ambitions is...