billionaires – Page 3 – China Speakers Bureau

How China overtook the US in billionaires – Rupert Hoogewerf

China counts more than 1,000 billionaires in US dollar terms, overtaking solidly the US, according to the Hurun Rich List ranking. “We’re currently in the heart of a new industrial revolution, with new technologies including artificial intelligence, blockchain, cloud, data and e-commerce creating new opportunities for entrepreneurs and leading to a concentration of wealth and economic power on a scale never seen before,” said Hurun Report Chairman and chief researcher Rupert Hoogewerf, according to Shine. Read More →

How can China deal with its financial dilemma? – Victor Shih

Devaluation of the Renminbi, limiting export or more straining of capital flight are some options China’s government has to deal with its financial dilemma caused by the trade war, but – warns financial expert Victor Shih – all might also cause setbacks, he tells Reuters.Read More →

Meet China’s newest richest person, Zhong Shanshan – Rupert Hoogewerf

Zhong Shanshan, founder of the bottled water company Nongfu Spring, pushed Alibaba’s Jack Ma from his position as the richest in China. Rupert Hoogewerf, chief researcher of the Hurun China Rich List, explains how Zhong made it to the top, at CNN Business. Hoogewerf expects a new boom in billionaires from China, he says.Read More →

Unicorns flourish in China and the US – Rupert Hoogewerf

China is home to four out of five largest unicorns – startups valued over one billion US dollars, second to the US, says the latest report by the Hurun Global Unicorn Index, published on Tuesday. “The rest of the world needs to wake up to providing an ecosystem that allows unicorns to flourish,” says Rupert Hoogewerf, chairman and chief researcher of the Hurun report to the South China Morning Post.Read More →

COVID-19 made the wealthy wealthier – Rupert Hoogewerf

While the jury is still out on the economic effects of the coronavirus crisis, the majority of the wealthy ended off better since the COVID-19 hit the world, says Hurun rich list founder Rupert Hoogewerf in the Business Standard. “The two biggest ‘winners’ from the Hurun Top 100 of Covid-19 were online retailers Jeff Bezos of Amazon and Colin Huang Zheng of Chinese low-end ‘social shopping’ giant Pinduoduo,” says Hoogewerf.Read More →

Online education: a big winner in the coronavirus crisis – Rupert Hoogewerf

Online education is one of the big winners in the ongoing corona crisis, next to health care, says Hurun rich list maker Rupert Hoogewerf in the South China Morning Post. “Valuations of traditional education institutions had recorded a severe drop, compared to the quick rise of education technology-focused companies,” he says.Read More →

China has more billionaires than the US and India combined – Rupert Hoogewerf

The annual Hurun Global Rich List counted today more billionaires in China than in the US and India combined, says Rupert Hoogewerf, chairman of the Shanghai-based Hurun Report after its publication on Wednesday, to Caixin. In 2019, China created 182 billionaires, three times the number as those in the U.S., according to the Hurun Report.Read More →

Creating value is more than making sales – Rupert Hoogewerf

Private companies in China have become more important than sometimes appreciated, says Rupert Hoogewerf, chairman of the Hurun Research Institute in its latest report, according to the South China Morning Post. They have grown eight times in the past decade, pay most taxes and create most jobs. “Creating value is more than making sales,” says Rupert Hoogewerf.Read More →

China tops 2019 global unicorn list – Rupert Hoogewerf

Three Chinese companies, Ant Financial, Didi Chuxing and Bytedance top the inaugural global unicorn list 2019 for startups in this century, says Hurun chief researcher Rupert Hoogewerf according to the CEO Magazine.Read More →

China’s philanthropists focus on education – Rupert Hoogewerf

China’s philanthropists spend most of their money on education, followed by poverty alleviation, says the 2019 Hurun Philanthropist List, according to the Hurun chief researcher Rupert Hoogewerf in a press release. Automotive executive of China’s largest auto components company Wanxiang Group tops the list with US$720 million.Read More →

Sequoia, Tencent and IDG are the top investors in Chinese unicorns – Rupert Hoogewerf

Sequoia, Tencent and IDG are the top investors in Chinese unicorns, says last weeks Hurun report on 202 unicorns, start-ups valued at more than US$1 billion, in China as of the first quarter of 2019. Shanghai’s new tech board would be an attractive listing option for Chinese unicorns, said Rupert Hoogewerf, founder and chief researcher of Hurun at the South China Morning Post.Read More →

Why due diligence on controlling shareholders is key in China – Shaun Rein

Controlling shareholders have been caught for criminal activities everywhere, but there are a few reasons to give their backgrounds extra caution in China, 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.Read More →