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Jack Ma Loses Title Of China"s Richest Man, Now Ranks Fourth After Ant Group Fallout
A crackdown on fintech in China has hurt the valuation of one of the country's larger companies, and led to changes in the ranking of China's wealthiest people. read more.....»»
The world"s wealthiest people are losing billions in the coronavirus pandemic — except for Jeff Bezos, who has added $6 billion to his fortune in 2020 as Amazon sales surge
REUTERS/Michele Tantussi Amazon CEO Jeff Bezos is the only one of the world's five richest people that hasn't lost money in 2020, the Bloomberg Billionaires Index shows. Bezos made nearly $6 bill.....»»
Bernard Arnault made $5.1 billion in the past 3 days. French billionaires have made more money this year than their counterparts in any other country, and they partially have China to thank
ERIC PIERMONT/AFP/Getty Images .....»»
China"s "Las Vegas" is leaving billionaires behind in favor of the rising middle class — see inside the $3.4 billion mega-casino leading the charge
MGM Cotai The gambling capital of the world is Macau, an autonomous region in China, with gaming revenues more than three times that of Las Vegas. The city made its name catering to high-spending VIPs f.....»»
California’s Economy Is Now Bigger Than All of the U.K.
Only the U.S., China, Japan and Germany are bigger. California’s economy just made a huge leap. If the state -with its 39.5 million people - was an independent country, it would have the fifth largest economy in the wor.....»»
Facing Uncertain Road in U.S., Japan Auto Makers Look to China
Nissan Motor said it has started producing its first made-for-China electric car, leading a wave of electric vehicles planned by Japanese makers looking to boost sales in the country......»»
Wealth List Reveals China"s 13 Biggest Crypto Billionaires
Chinese entrepreneurs behind some of the biggest crypto firms in the world have made the country's billionaires list for the first time......»»
Facebook billionaires dominate list of 12 youngest people on Forbes 400
Facebook may be mired in a series of controversies, but the Menlo Park-based social media giant has long made its founders and early investors fabulously wealthy. Forbes, which produces an annual ranking of the wealthiest Americans, more recently broke.....»»
Poor billionaires: 430 people fell off the list of the world’s richest
The globe's wealthiest individuals saw their fortunes shrink by a combined $1 trillion in 2018, according to the China-based Hurun Institute......»»
Biden wants to sell blue-collar workers the American Dream of a failing China
In some of his harshest comments ever made about China, Biden called the country "xenophobic" and said it had more retirees than workers. President Joe Biden speaks to members of the United Steel Workers Union at the United St.....»»
The billionaire"s social calendar: The must-attend events for the world"s wealthiest business icons
For people who can afford anything, billionaires keep it pretty predictable. Here are.....»»
Two Of America"s Biggest Companies Have Made A "Massive Bet" On China: "They Can"t Just Abandon…" Says Wedbush"s Dan Ives
Two of America's biggest companies, which have made "massive" bets on China, Tesla and Apple cannot just abandon the country, says Dan Ives. Latest Ratings for TSL.....»»
Yuan Longping, one of China"s greatest heroes, is dead at 90. Here"s how he saved millions of people during the country"s deadly famine crisis in the 1960s.
Longping developed the world'.....»»
Nichia patent invalidated in China
LED packaging service provider Everlight Electronics has disclosed it has won a patent lawsuit in China, where its Supreme People's Court recently dismissed an appeal filed by Japan-based Nichia to claim validity of its YAG patent in the country......»»
People are lining up in droves after rumors spread that billionaire Jack Ma is giving out cash to Chinese seniors
The gifts are said to be made in honor of Lunar New Year, but authorities warn it may be a scam. Jack Ma in China in 2019. Wang HE/Getty Images Online rumors in China are claiming that Alibaba b.....»»
China to fall far short of IC self-sufficiency goal by 2025, says IC Insights
IC Insights has forecast that China-produced ICs will represent only 19.4% of the country's IC market in 2025, a fraction of the country's "Made in China 2025" goal of 70%......»»
Photos of people dining out in China post-lockdown offer a glimpse into what lies ahead for US restaurants
AP Photo/Kin Cheung Restaurant owners in the US are wondering what life will look like when the country fully emerges from lockdown. Many are looking toward China for direction as it slowly resumes normal life and dining out becomes an.....»»
8 of America"s richest people have added billions more to their wealth in 2020 — even during the coronavirus pandemic
John Raoux/AP Images Thirty-four of America's wealthiest billionaires have seen their net worths increase by millions in 2020, according to a new report by the left-le.....»»
UK made a firm decision on Huawei in 5G: foreign ministry"s top official
Britain's government made a firm decision to allow China's Huawei to have a role in building the country's 5G phone network and as far as the foreign ministry's top official understands it is not being reopened, he said on Tuesday......»»