More than half of the world’s richest female entrepreneurs come from China, says the latest annual Hurun Rich List, according to the China Daily. A proof for China’s good business climate, says Hurun founder Rupert Hoogewerf.
The China Daily:
Yang Huiyan, 32, has become China’s richest woman of 2013 with a fortune of 51 billion yuan ($8.33 billion), according to Hurun China’s Women Rich List 2013, released by the Hurun Research Institute in Shanghai on Tuesday.
More than half of the world’s richest self-made female entrepreneurs are from China, said the report.
Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, the Shanghai-based magazine that publishes the list, said the big jump in the number of female billionaires shows that China is providing a good business environment.
“Rich female entrepreneurs in China are no longer just a Chinese story. Instead, it is a global story as rich females in China are having increasing global recognition,” said Hoogewerf.
Yang is the daughter of the founder of real estate developer Country Garden. She was first-ranked on the list in 2007, when she took over her father’s stock holdings.
Part of China rich – but mostly male – are working in the IT industry. They have started to fund global operations, as domestic growth is slowing down. On September 5 the China Weekly Hangout asked whether Facebook, Twitter and Google+ should worry now Tencent, Baidu, Sina, Alibaba and Xiaomi have plans to expand globally. Not yet, said investor William Yung, media-expert Paul Fox and Tech-in-Asia editor Steven Millward. Well, maybe Whatsapp should. Moderation by Fons Tuinstra of the China Speakers Bureau.
What is behind due diligence firms in China, we asked ourselves as one of the leading voices in the industry, Peter Humphrey was arrested last summer for illegal business practices. The China Weekly Hangout will discuss due diligence of the due diligence firms on September 25. You can read our announcement here, or register for participation at our event page. Joining us from Taiwan is Miguel De Vinci (aka 李洛傑).