Founder of Chinese e-commerce firm Pinduoduo departs
Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company's annual user base surpassed that of rival Alibaba.
Mar 17, 2021
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News tagged with net worth
Business
China's super rich got $1.5 trillion richer during pandemic: report
China's super wealthy have earned a record $1.5 trillion in 2020, more than the past five years combined, as e-commerce and gaming boomed during pandemic lockdowns, an annual rich list said Tuesday.
Oct 20, 2020
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Business
Samsung heir apologises over corruption scandal
The heir to the Samsung empire bowed in apology Wednesday for company misconduct including a controversial plan for him to ascend to the leadership of the world's largest smartphone maker.
May 6, 2020
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Business
Twitter's Jack Dorsey pledges $1 bn for COVID-19 relief effort
Twitter co-founder and chief executive Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund.
Apr 8, 2020
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Business
WeWork founder Adam Neumann removed from Forbes' billionaire list
Forbes on Thursday lopped more than $3 billion from its estimated net worth of WeWork co-founder Adam Neumann as the company faced skepticism regarding its future.
Oct 11, 2019
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Business
Alibaba co-founder Tsai set to own all of NBA Nets: reports
Joseph Tsai, co-founder of Chinese e-commerce giant Alibaba, is expected to purchase full control of the NBA's Brooklyn Nets from Russian businessman Mikhail Prokhorov, according to multiple reports Thursday.
Aug 16, 2019
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