In China’s Slumping Economy, Pinduoduo’s Reclusive Billionaire Founder Has Managed To Gain $15 Billion

Colin Huang, founder of Pinduoduo. Qilai Shen/Bloomberg China’s economic headwinds and a sweeping crackdown on private enterprises have battered the fortunes of many tech billionaires, but one mogul h...

Alibaba Shares Briefly Plunge On Arrest Report Of Person Named ‘Ma’ In Hangzhou

Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China. Qilai Shen/Bloomberg Alibaba shares plunged as much as 9.4% in Tuesday morning trading in Hong Kong following a rep...