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Ex-Googler becomes China’s second-richest person

Pinduoduo's Colin Huang is still valued at about $5bn less than Tencent's founder
Pinduoduo’s Colin Huang is still valued at about $5bn less than Tencent’s founder

BBC | 23-Jun-2020

A former Google employee was briefly ranked the second richest person in China, following a surge in sales at his e-commerce business, Pinduoduo. Continue reading “Ex-Googler becomes China’s second-richest person”

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Top 10 cities where China’s ‘rich families’ live

A night view of Foshan
A night view of Foshan

China Daily ( was originally posted: 21-Nov-2019) | 22-Jun-2020

The Hurun Research Institute released the Hurun Wealth Report 2019 in Shanghai on Tuesday, which provided a detailed analysis of “rich families”, “high net-worth families” and their geographical distribution in China. This is the 11th consecutive year in which Hurun has released the report.

A “rich family” is defined as a family with a net worth of more than 6 million yuan ($853,711), while a “high net-worth family” has a net worth of at least 10 million yuan. Let’s take a look at the top 10 cities for China’s “rich families”. (Photo/China Daily) Continue reading “Top 10 cities where China’s ‘rich families’ live”