The Newman Prize for Chinese Literature is a new prize for Chinese writing sponsored by the University of Oklahoma's Institute for US-China Issues. Mo Yan has won the inaugural round, which you can read about here. From the home page:

The Newman Prize for Chinese Literature is awarded biennially in recognition of outstanding achievement in prose or poetry that best captures the human condition, and is conferred solely on the basis of literary merit. Any living author writing in Chinese (residing anywhere) is eligible. The Prize consists of $10,000 and a plaque, and may serve to crown a lifetime’s achievement or to direct attention to a developing body of work. An international jury of distinguished experts will both nominate the candidates and select the winner, based on a transparent voting process.