State moloch CITIC moved in to pick up 49% of Czech assets from CEFC Europe, owned by tycoon Ye Jianming. It is part of a trend, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to the South China Morning Post, as state firms are easier to control by China’s central government and expand its policies abroad.
Category Archives: billionaires
Rupert Hoogewerf – chief researcher and founder of the Hurun China Rich List – is a busy man. Every three days, a new unicorn – a company valued over 1 billion US dollar and unlisted – emerges in China, shows his latest report. “If model, talent and capital are all in place, start-ups can move very fast,” said Rupert Hoogewerf to the Global Times.
Chinese women dominate the Hurun global self-made women rich list, says Hurun founder Rupert Hoogewerf. The list is released on today’s Women’s Day, and has Zhou Qunfei of the Lens Technology firm as the topper, says the BBC.
A strong shift from real estate tycoons to IT-giants marks a shift at China’s economy in the ongoing political meetings in Beijing, says author Shaun Rein of The War for China’s Wallet: Profiting from the New World Order to the South China Morning Post. “China is picking five to 10 private technology companies to make them national champions.”
Americans still dominate the 2018 Global Rich List, but with four new billionaires a week, China is moving up very fast, says Hurun Rich List chief researcher Rupert Hoogewerf at the release of the annual overview. Tencent’s CEO Pony Ma is now the highest listed Chinese billionaire at no.15, beating Xu Jiayin of Evergrande and Jack Ma of Alibaba this year.
hejiang province, with its capital Hangzhou, have developed into a preferred destination for billionaires, says Rupert Hoogewerf, founder of the Hurun China rich list. Zhejiang not only passed domestic cities like Beijing and Shanghai, but also Paris and San Francisco in the 2018 Hurun report, writes the Digital Journal.
China’s high-net-worth individuals are more optimistic about the country’s economic development compared to last yet, says the Hurun Chinese Luxury Consumers Survey 2018, released on Wednesday, according to the China Daily. Rupert Hoogewerf, founder and chief researcher of Hurun, said that although China’s GDP growth rate was 6.9 percent last year, which is slightly up from the 6.5 percent estimated by the central government at the beginning of 2017, it is enough to make a difference.
In the dramatic battle between the two major Chinese IT giants, Alibaba and Tencent, Alibaba’s Jack Ma often grabs the attention, outspoken and in excellent English. Tencent’s CEO Tony Ma is a dark horse, but now Time dives into his background. For Rupert Hoogewerf, founder of the Hurun China Rich List, Tony Ma has been a factor of constant growth, he tells the magazine.
The iconic Zhejiang entrepreneur Lu Guanqiu, founder of China’s largest automotive parts company Wanxiang Group, passed away last week, 72 years old. Hurun China rich list founder Rupert Hoogewerf remembers him as ” industrious, down-to-earth and low-profile” , he tells in Asia One.
China’s growth might have reduced, and investing abroad more difficult, but China’s annual Hurun rich list has been growing faster than ever, says its chief researcher and founder Rupert Hoogewerf to the South China Morning Post. China’s rich now control US$2.6 trillion, he adds.