Venus Feng

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.