Search Results for:Venus Feng

Tech titan’s fortune suffers $9.2b nosedive in China

The 48-year-old chairman of 360 Security Technology Inc. has experienced the downside of listing in China, after stocks tumbled on concerns about a U.S. trade war and a slowing economy.

China’s unicorns race to IPO as US startups choose to stay private for longer

Five IPOs have helped at least 16 tech bigwigs ring up a combined $48 billion of net worth at the time of the listings.

Asia’s billionaire club balloons on the back of mega IPOs

Of the 27 billionaires to surface in Asia this year, about a third did so through initial public offerings in Hong Kong and Shenzhen, according to the Bloomberg Billionaires Index.

China’s hiring site 51job helps CEO accumulate a $1.5b fortune

Its American depositary receipts have soared more than 80 per cent this year, fueled by surging revenue.

Amazon helps China’s Anker Innovations founder turn mom’s money into a billion

Steven Yang combined his Google money with his mom’s, and with less than $1 million in seed capital he moved from California to Shenzhen, a hub in southern China for technology companies.

Alibaba’s rise creates 10 billionaires not named Jack Ma

Ma and his Alibaba Group Holding Ltd. have minted a network of people whose combined fortunes total more than $52 billion

Fintech enables two to-be billionaires as fortune favours the wealthy in China

Eight new billionaires have emerged in China this year, while the fortunes of its wealthiest have risen faster than anywhere else

HNA Group raises billions from shadow banks that worry Beijing

In just three years, the private conglomerate has invested at least $45 billion around the world.

Jewelry retailer becomes a billionaire amid IPO demand in China

Shares rose 44 percent Thursday to 28.68 yuan in Shenzhen, giving Zhou a net worth of at least $1.3b.

Xinfengming chairman Zhuang Kuilong turns billionaire after Shanghai IPO

A revival in China’s polyester industry has produced a new billionaire.