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TikTok founder’s US$60bil fortune places him among the world’s richest people
Just last year, the world’s most valuable startup, ByteDance Ltd, was being squeezed from all sides.
Mark Zuckerberg, Zhang Yiming lead world’s richest under-40s in Hurun’s annual ranking
Kuaishou’s IPO debut in Hong Kong catapulted founders Su Hua and Cheng Yixiao to third and fourth spots in the latest Hurun ranking. Mark Zuckerberg’s wealth rose by 20% to US$101bil last year, almost double the net worth of second-placed Zhang Yiming of ByteDance.
Jack Ma’s fortune jumps US$2bil after record Alibaba fine
China just slapped a record antitrust fine on Alibaba Group Holding Ltd. The company thanked the government and investors breathed a sigh of relief.
Grab’s US$34bil SPAC deal puts South-East Asia tech on the map
Grab Holdings Inc and Traveloka are poised to become public companies in coming months, kickstarting a coming-out party for South-East Asia’s long-overlooked internet scene.
Canada's Telesat takes on Musk and Bezos in space race to provide fast broadband
OTTAWA (Reuters) - Canada's Telesat is racing to launch a low-earth-orbit (LEO) satellite constellation to provide high-speed global broadband from space, pitting the satellite communications firm founded in 1969 against two trailblazing billionaires, Elon Musk and Jeff Bezos.
Hong Kong’s multimillionaire population hit record high last year even as its economy had its worst recession on record
About 515,000 people are estimated to have US$1.28 million each in total assets last year, up from 413,000 in 2019, according to Citibank’s Hong Kong Affluent Study 2020As governments took measures to save economies, many investment instruments appreciated in value, generating gains for investors, lender’s head of retail banking says
Hong Kong’s multimillionaire population hit record high last year even as its economy had its worst recession on record
About 515,000 people are estimated to have US$1.28 million each in total assets last year, up from 413,000 in 2019, according to Citibank’s Hong Kong Affluent Study 2020As governments took measures to save economies, many investment instruments appreciated in value, generating gains for investors, lender’s head of retail banking says
Traveloka in talks to list via Bridgetown SPAC
JAKARTA: Indonesia’s Traveloka is in advanced talks to go public through merging with Bridgetown Holdings Ltd, a blank-cheque firm backed by billionaires Richard Li and Peter Thiel, according to people familiar with the matter.
For the rich, living in Asia is costlier than anywhere else
HONG KONG (Bloomberg): If you’re wealthy, Asia Pacific is the most expensive place to live in, with Shanghai overtaking Hong Kong as the priciest city in the world.
