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With 27 alumni appearing on China Rich Lists from 2003 to 2007, Peking University was chosen the "Cradle of Chinese Tycoons" in a report released by China's University Alumni Association (CUAA) on Wednesday.

 

More than 300 alumni of 131 universities showed up on China Rich Lists in the past five years, including two foreign lists -- Forbes China and Hu Run Report -- and two domestic ones, which were Nanfang Weekend and New Fortune 500. Hu Run Report provides rich lists in different industries.

 

Zhejiang University and Tsinghua University trailed Peking University in the ranking, with 17 and 16 graduates on the rich lists, respectively. Shanghai-based Fudan University and Beijing-based Renmin University were also in the top five.

 

Not surprisingly, most tycoons came from the most prosperous areas of China, like Beijing, Shanghai and Zhejiang, suggesting that coming from a fast-growing city or province was a key factor driving entrepreneur...

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