Category Archives: billionaires

Can the next generation take over Alibaba from Jack Ma? – Shaun Rein

Alibaba’s chairman Jack Ma announced he will turn over the reins of his company to the next generation of executives next year. But business analyst Shaun Rein, author of The End of Cheap China, Revised and Updated: Economic and Cultural Trends That Will Disrupt the World, wonders if the new generation takes over Ma’s magic spell over staff, users and investors, he tells to Inkstone News. 

How Jack Ma changed China – William Bao Bean

Traditionally China’s youngsters wanted a job with the government, but Alibaba’s Jack Ma changed that perspective and starting a startup became the choice of many, says William Bao Bean, a Shanghai-based partner at venture capital firm SOS, one of the largest VC’s, to Bloomberg. How Jack Ma changed China.

Pinduoduo just a ‘flash in the pan’? – Shaun Rein

The successful IPO of Pinduoduo,  the third e-commerce platform in China after Alibaba and JD.com, took many by surprise. But it does not mean Pinduoduo will be equally successful in the future, warns business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order, at the South China Morning Post. Just days later, it was accused of hosting counterfeit goods.

US remains main destination for China’s rich – Rupert Hoogewerf

Despite talks of trade war and erratic tweets and policies by US president Donald Trump, China’s rich still see in the US the preferred destination for migration, says the 2018 Hurun report on immigration and China’s HNWI’d. And despite talk of the Brexit, London is moving upwards in its annual rankings, says Hurun chief researcher Rupert Hoogewerf.

State firms move in where private investments fail abroad – Shaun Rein

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.

China produces one unicorn every three days – Rupert Hoogewerf

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.

China dominates the woman self-made billionaires – Rupert Hoogewerf

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.

IT-giants replace real estate tycoons in policy building – Shaun Rein

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.”

China’s billionaires: moving up in the 2018 Global Rich List – Rupert Hoogewerf

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.

Zhejiang: the new hot spot for billionaires – Rupert Hoogewerf

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.