Taiwan Business Man Launches Tang Prize - The Nobel Prize of Asia

Samuel Yin,one of the richest businessmen of Taiwan has launched Tang Prize, an Asian equivalent of the Nobel Prize (ofcourse, even more lucrative than the Nobel we must say) Yesterday (Monday 29th Jan 2013). Samuel Yin, the Taiwanese businessman who is the head of the sprawling Ruentex business empire which has invested heavily in China, said that by donating Tw$3 billion ($101 million) for the Tang Prize he had fulfilled one of his biggest dreams.

“I hope that the prize will encourage more research that is beneficial to the world and humankind, promote Chinese culture and make the world a better place,” he said in a statement released by the prize foundation.