BYD Chief Suffers $2 Billion Wealth Drop After Warren Buffett’s Berkshire Hathaway Cuts Stake

Wang Chuanfu, cofounder and chairman of BYD, attends a news conference in Hong Kong, China, on March 28, 2018. Billy H.C. Kwok/Bloomberg Wang Chuanfu, the cofounder and chief executive of BYD, saw his...

Chinese E-Commerce Mogul Gains $3 Billion In One Day Despite Sluggish Economy

Colin Huang, the founder of Pinduoduo, at the company’s office in Shanghai, China. Qilai Shen/Bloomberg Colin Huang, the reclusive billionaire behind Pinduoduo, saw his wealth surge by $3 billio...

Billionaire Sun Hongbin’s Sunac Defaults On Dollar Bond Payments

Sun Hongbin, chairman and CEO of Sunac, listens during a news conference in Hong Kong Jerome Favre/Bloomberg Sunac China Holdings, the real estate developer headed by billionaire Sun Hongbin, said it ...