Chinese entrepreneur Sun Yuchen canceled his lunch meeting with U.S. business magnate Warren Buffett due to a sudden kidney stone attack, Sun announced via his Sina Weibo early Tuesday morning.

Receiving treatment in hospital, Sun is currently in stable condition and recovering, according to the announcement.

His donation to the Glide Foundation has been completed, which is still effective, Sun said on the social media platform.

Sun declined any interviews and said he would meet with the public after his recovery.

The 28-year-old Sun Yuchen, founder of Tron and CEO of BitTorrent, won the auction for this year's Buffett lunch with a $4,567,888 bid, a record high since the lunch was launched 20 years ago.

The Chinese cryptocurrency entrepreneur announced his win on his Twitter and Sina Weibo accounts on June 3, saying "it will be a great opportunity for mutual understanding and knowledge transfer."

Sun won the bid via a five-day online auction on eBay and the money will be donated to the Glide Foundation, which is located in San Francisco's Tenderloin district and serves the poor, homeless and those battling substance abuse.

As a graduate from the University of Pennsylvania, Sun founded Tron in Singapore in 2017. Tron's market value reached $2.56 billion, making itself the world's 10th largest cryptocurrency, according to data provider CoinMarketCap.com.

Related

Go to Forum >>0 Comment(s)