Shangri-La Hotels and Resorts
The university originally located aside the famous West Lake in Hangzhou. Its campus was the Hubin Campus, which later became a main medical campus of Zhejiang University. Due to the new civic plan for Hangzhou downtown, the campus was sold to the Hong Kong-based Shangri-La Hotels and Resorts (Robert Kuok, 郭鶴年/郭鹤年) at a price of 2.46 billion Chinese Yuan.