In the first ten days of October, Chairman Li Weibo donated US$10 million, in the name of the Li Weibo Foundation, to the University of Massachusetts Medical School. The donation will be used to build the Li Weibo Institute for Research into Rare Diseases, with an aim to achieving breakthroughs in the study of rare diseases and benefiting patients. The donation was the largest ever received by the Medical School. In addition, Chairman Li decided to donate third-generation genetic testing equipment, medicine, and materials worth US$6 million to the Institute. He also founded the Li Weibo Scholarship (by donating US$750,000 as the first installment), to provide financial aid for exceptional yet financially challenged PhD students from China who study at the Medical School.