CDC Corporation CEO awarded honorary doctorate degree at Vincennes University

HONG KONG, April 27 (Xinhua) -- Peter Yip, executive vice chairman and CEO of CDC Corporation, has been awarded an honorary doctorate degree at the Vincennes University, Indiana, the United States, a release from the HK-based CDC Corporation said Sunday.

"I'm humbled and extremely excited to receive this impressive degree from such a highly respected school that remains very dear to my heart," Yip said at the ceremony after being presented the degree by university president Dick Helton.

"Universities play an important role for our future leaders by helping them build the foundations they will need to excel and Vincennes University and the C. W. Chu Scholarship program provided that opportunity for me," he said.

Helton said, "it is a great honor for Vincennes University to recognize such an accomplished and dedicated international business leader as Mr. Peter Yip. As an alumnus of VU, Mr. Yip is a role model for our graduates, providing them a positive example of what can be achieved through scholarship, vision, and hard work."

Yip attended Vincennes University 36 years ago as a C. W. Chu Scholar, a scholarship program named after the late Chu Ching-wen Ph.D. that has enabled thousands of young people from Hong Kong and Chinese mainland to pursue university education in the United States.

After his graduation from the Vincennes University, Yip furthered his study and achieved two master's degrees at the Wharton School of the University of Pennsylvania, which is recognized globally for intellectual leadership and ongoing innovation across major disciplines of business education.

Yip founded CDC Corporation and served as the CEO of the company between 1999 and February 2005. Under his leadership, CDC Corporation became one of the first successful initial public offerings of Chinese Internet companies to be listed on NASDAQ, opening the door for other Chinese entrepreneurs to list their ventures in the U.S. capital markets.

Yip is a major contributor to the fund raising effort for his fellow C. W. Chu Scholars, with an initial personal pledge of 12.8million U.S. dollars for the establishment of a new college at the Chinese University of Hong Kong.