China's billionaires are making money for the first time since 2020
Financial Express Hyderabad|December 19, 2024
CHINA'S BILLIONAIRES ARE slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping's push for common prosperity at the expense of powerful private business owners.
VENUS FENG & PUI GWEN YEUNG

The combined fortunes of 55 of the nation's wealthiest tracked by the Bloomberg Billionaires Index have risen 16% to $809.6 billion since the beginning of January, after a roller-coaster year marked by sweeping easing measures from Beijing that ultimately drove stocks higher.

Tech tycoons are leading the rebound. Tencent's Pony Ma is the biggest winner of the year, with his fortune surging by more than a third to $47.9 billion, according to Bloomberg's wealth index, which tracks the world's 500 richest people. He was followed by Lei Jun, founder of smartphone maker Xiaomi, which has surged on its rapid push into electric vehicles. The tech billionaire has added $12.8 billion.

この記事は Financial Express Hyderabad の December 19, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Hyderabad の December 19, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FINANCIAL EXPRESS HYDERABADのその他の記事すべて表示
Financial Express Hyderabad

US announces H-1B visa overhaul, Indian techies to benefit

HOW THE MOVE WILL BENEFIT INDIA

time-read
2 分  |
December 19, 2024
Financial Express Hyderabad

'Had fun but it's time': Ashwin bows out of internationals with shock retirement call

RASHWIN STOOD in the corridor outside the press conference room after the third Test ended in a draw.

time-read
3 分  |
December 19, 2024
Financial Express Hyderabad

Navy boat hits ferry off Mumbai coast, 13 dead

A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday. At least 13 people were killed in the incident, officials said, adding that the rest have been rescued.

time-read
1 min  |
December 19, 2024
Financial Express Hyderabad

Free healthcare for senior citizens: Kejriwal

AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power. The scheme, called Sanjeevani, will not have an income cap for eligibility, he said.

time-read
1 min  |
December 19, 2024
Financial Express Hyderabad

Trump threatens to impose reciprocal tariffs on India

HE MADE THE remarks while responding to a question on a potential trade agreement with China.

time-read
2 分  |
December 19, 2024
Financial Express Hyderabad

Sebi tightens SME IPO rules

SEBI also cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE) by increasing the threshold for identification of HVDLE from ₹500 cr to ₹1,000 cr, aligning it with that of large corporates, and introduced a sunset clause governing corporate governance of debt-listed securities.

time-read
1 min  |
December 19, 2024
Financial Express Hyderabad

Opposition seeks Shah's resignation

PM defends HM; slams Cong & its 'rotten ecosystem'

time-read
2 分  |
December 19, 2024
Financial Express Hyderabad

Enhancing customer journey in the cloud

ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools. The new services are integrated with Oracle's product development teams to help firms maximize the value of their cloud investment.

time-read
1 min  |
December 19, 2024
Financial Express Hyderabad

Drones deliver new hope to farmers

Aerial tech enhances farming efficiency, can tackle workforce woes

time-read
2 分  |
December 19, 2024
Financial Express Hyderabad

AI offers a wide range of benefits for SMEs

AI offers a wide range of benefits for SMEs

time-read
2 分  |
December 19, 2024