Business Nov 1, 2022
China’s property crash sends billionaire founders heading to exits
The nation’s worsening credit crisis has led to defaults, failure to deliver homes on time and an unrelenting market selloff.
Asia Pacific Apr 23, 2022
Questions over effectiveness of COVID remedy costs top Chinese scientist $2 billion
Debate over the efficacy of traditional Chinese medicine has intensified in recent weeks as the nation fights its worst outbreak since the early days of the pandemic.
Business / Corporate Mar 16, 2022
SoftBank founder Masayoshi Son loses $25 billion in tech’s brutal winter
From China’s tech crackdown to Russia’s invasion of Ukraine, a litany of troubles has beset Son and his conglomerate.
Business Dec 3, 2021
Evergrande tycoon’s new banker is the ‘queen of shell companies’
China Evergrande Group billionaire Hui Ka Yan has turned to Pollyanna Chu, known for her connections to Hong Kong's tycoons, to help avert the collapse of his business empire.
Business Sep 28, 2021
Ties strained for Evergrande founder as poker pal he relied on reduces stake
Whenever trouble struck, Hui Ka Yan could count on the deep pockets of a small group of property billionaires who regularly played card games together — but not this time.
Business Aug 22, 2021
A $13 billion sneaker fortune started on a pig farm in Taiwan
Today, the founder of Huali Industrial Group is worth more than $13 billion, according to the Bloomberg Billionaires Index.
Business | FOCUS Jul 12, 2021
China's crackdown on its ultrarich set to reshape its most profitable sectors
With an age of unfettered gains now coming to an abrupt end, investors are likely to be more cautious.
Business / Corporate Mar 4, 2021
Masayoshi Son’s billions multiply on SoftBank mega-rally and SPAC boom
Few fortunes are as volatile as Masayoshi Son’s. The SoftBank Group Corp. founder was briefly richer than Bill Gates at the start of the century before tech stocks crashed. In March 2020, as markets sank under Covid-19 and questions swirled over SoftBank’s investments, his wealth ...
Business / Corporate Feb 1, 2021
With Kuaishou, ex-Googler turns virtual gifts into a $61 billion business
The ByteDance Ltd. rival has become the biggest livestreaming platform for virtual gifts, with more paying monthly users than any other in the world.
Business / Corporate Jul 3, 2020
Jack Ma’s rival saw his wealth surge by $25 billion. Then he quit
Colin Huang, who has overseen the firm as its American depositary receipts have more than quadrupled in less than two years, has stepped down as chief executive officer.