Advertisement
Advertisement
TOPIC

China's tech billionaires

China's tech billionaires
The latest news, analysis and opinion on China's tech billionaires. In-depth analysis, industry insights and expert opinion.
Illustration: Dennis Yip
Banking & finance

In Focus | Beijing hits super-rich with 20% offshore tax. What does it mean for Hong Kong?

For decades, Hong Kong has prospered by managing the wealth of Asia’s elite. Will that change as China introduces tougher offshore tax policies?

videocam
11
Wealth management

How China’s new offshore trust tax rules could shake billionaires’ fortunes

5
Millionaires, billionaires and trillionaires

Why 17 people have held title of China’s richest person in past 27 years

Trending in China

China ‘crazy boss’ shares AI images of self as woman, aims to be world’s richest

Flamboyant entrepreneur who describes Elon Musk as his ‘arch rival’ faces accusations of ‘arrogance’ from tech competitors.

Yu Hao, the founder of the Chinese tech firm Dreame, has been dubbed “crazy boss” for his eccentric online stunts. Photo: QQ.com
Trending in China

Why tech billionaires enjoy rock star treatment in China compared to the US

From personal foibles to that particular look or ability to charm, the business success of global moguls can rest on setting a narrative.

China’s private sector

China’s growing young billionaire class masks innovation hurdles, analysts say

Technological innovation – one of Beijing’s top priorities – is helping to drive wealth creation, report says.

Advertisement
Advertisement
Advertisement
Millionaires, billionaires and trillionaires

Mainland China’s billionaire count surges as BYD and Mixue bosses power gains

The combined wealth of mainland China’s billionaires soars 22 per cent to US$1.77 trillion; Hong Kong’s ultra-rich population rises.

Wang Chuanfu of BYD is among the tech sector’s biggest wealth gainers. Photo: Handout
Alibaba

Jack Ma’s Alibaba visit sparks nostalgia over company’s humble start

A cheerful mood at Alibaba’s annual event for friends and family, as the company navigates business challenges.

9
E-commerce

JD.com boss delivers food in publicity stunt to challenge Meituan

The move reflects the e-commerce giant’s commitment to expanding its recently launched food delivery business, analysts say.

Banking & finance

CEO Lei Jun sees progress as Xiaomi raises 2025 EV deliveries target by 16%

Xiaomi is entering the high-end segment of the EV market and also eyeing overseas sales as it ramps up production.

videocam
Xiaomi’s founder and CEO Lei Jun during the launch of the company’s first electric vehicle, the SU7, in Beijing in December 2023. Photo: Reuters
Mainland China

Hong Kong still among world’s top wealth hubs, according to Knight Frank report

There were an estimated 42,715 high-net-worth individuals in Hong Kong last year, making up around 0.6 per cent of the city’s population.

13
A view of Kowloon, looking across Victoria Harbour. Photo: Elson Li
China's economic recovery

What happened when Xi Jinping met entrepreneurs for a ‘high-stakes symposium’?

The Chinese president brought together the heads of leading businesses – including Alibaba’s Jack Ma – for the first time since 2018.

videocam
98
Alibaba

Jack Ma tours Alibaba’s Freshippo supermarket in central China

The Alibaba founder was spotted visiting one of the company’s grocery stores just days after visiting its Hangzhou campus.

Alibaba

Jack Ma visits Alibaba’s AI-powered second-hand marketplace

Alibaba has been using the online flea market as a testing ground for its rapidly improving AI technologies.

Alibaba founder Jack Ma (fifth from left) visits the offices of second-hand goods platform Xianyu in Hangzhou, capital of Zhejiang province, on Tuesday. Photo: Handout
China's economic recovery

China’s super-rich have a new must-have possession: their own university

For China’s billionaires, founding new universities offers a chance to make money – and demonstrate they are ‘politically correct’.

videocam
15
Fuyao University of Science and Technology is one of several new institutions set up using donations from China’s business elite. Photo: Handout
China technology

Chinese software firm Yonyou picks former senior SAP executive as new president

Huang Chenhong is the latest multinational veteran to join China’s tech sector, as these firms scale back operations on the mainland.

Video gaming

Genshin Impact creator miHoYo’s co-founder sees AI upending video-gaming jobs

‘For game developers – ranging from average to professional – we might as well consider switching careers,’ miHoYo co-founder Cai Haoyu said in a LinkedIn post.

Advertisement
Advertisement
Advertisement
E-commerce

As Shein chases IPO, its Chinese founder stays under cloak of secrecy

Even by the standards of Chinese tech business leaders, the lack of public information about Xu Yangtian is unusual.

Shein’s office building in the suburbs of Guangzhou, capital of China’s southern Guangdong province. Photo: Iris Deng
E-commerce

JD.com billionaire founder blasts underperforming employees

Richard Liu lashes out at employees as the Chinese e-commerce giant tries to run a tighter ship amid rising competition and a weak economy.

Fintech

ByteDance profit surges 60% to US$40 billion, outpacing Tencent on TikTok fame

ByteDance’s earnings before interest, tax, depreciation and amortisation jumped 60 per cent last year to more than US$40 billion, while sales grew by about 50 per cent to US$120 billion, people familiar said.

videocam
Alibaba

Exclusive | Jack Ma, Joe Tsai replace SoftBank as Alibaba’s largest shareholders

The combined stakes of the two co-founders eclipsed SoftBank Group, which has reduced its shares in Alibaba through a series of forward contracts.

9
Joe Tsai (first left) and Jack Ma (second left) during the initial public offering of Alibaba Group Holding on the New York Stock Exchange on September 19, 2014. Photo: Reuters.
JD.com

Hurun clarifies ranking of JD.com founder’s wife Zhang in Tsinghua rich list

Hurun clarifies that Zhang Zetian’s ranking on university rich list was compiled on the basis of her joint wealth with husband and JD.com founder Richard Liu.

JD.com chairman Richard Liu Qiangdong and wife Zhang Zetian at Princess Eugenie’s wedding. Photo: YouTube
Millionaires, billionaires and trillionaires

Chinese tech billionaires move up Hurun 2023 Rich List amid internet rebound

Chinese tech founders moved up in this year’s Hurun Rich List although macroeconomic headwinds in China kept overall wealth gains in check.

E-commerce

JD.com denies that founder Richard Liu and wife have moved to US

The Chinese e-commerce giant has also rejected rumours that the couple bought more than US$100 million worth of luxury property in the US.

Millionaires, billionaires and trillionaires

10 of the world’s youngest billionaires in 2023, ranked – but who’s No 1?

This year’s youngest billionaires hail from all over, from Norwegian heiresses Katharina and Alexandra Andresen to China’s Wang Zelong and America’s Ryan Breslow – but who’s actually self-made?

The world’s youngest billionaires Alexandra Andresen, Leonardo Maria Del Vecchio, Wang Zelong and Katharina Andresen. Photos: @alexandraandresen, @leonardo_mdv, @kgandresen/Instagram; Sohu
ByteDance

TikTok parent’s founder sets up investment fund in Hong Kong

Zhang Yiming’s Cool River Venture, incorporated on Monday, will invest mostly in technology-related industries, according to sources.

videocam
Zhang Yiming, founder and former CEO of ByteDance, poses for a photo in Beijing in 2019. Photo: Bloomberg
ByteDance

Low-profile founder of TikTok owner ByteDance emerges to make new donation

The entrepreneur is adding nearly US$29 million to a charitable education fund in his hometown, his first bout of publicity since 2021.

videocam
China’s internet censorship

China’s online watchdog promises to boost protections for private firms

Cyberspace Administration of China says work priorities include advancing online business environment and protecting enterprise and entrepreneur rights.

videocam
Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement