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It was founded by Tan Kah Kee in 1947, and it has 23 branches in Hong Kong and focuses on serving the community of residents of Fujian descent in Hong Kong.
Chiyu was explicitly created by Chen to create a sustainable business with profits to be devoted to education in Xiamen and the rest of Fujian province in China. Since its founding, it has spent more than HK$1 billion in education in the province, primarily through funding Jimei University and its related schools.
