China's super rich got US$1.5 trillion richer during COVID-19 pandemic: Report

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

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 ...

20 Oct 2020 03:02PMBEIJING: China's super wealthy have earned a record US$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 on Tuesday .

Jack Ma, founder of e-commerce titan Alibaba, once again topped the list after his wealth surged a whopping 45 per cent to US$58.8 billion as online shopping firms saw a surge in business owing to people being shut indoors for months during strict lockdowns to contain the virus. Healthcare entrepreneurs also moved up the list on the back of the pandemic, with Jiang Rensheng, founder of vaccine-maker Zhifei, tripling his value to US$19.9 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China reports 13 new COVID-19 infections, all infections importedSHANGHAI: China reported 13 new COVID-19 cases on Sunday (Oct 18), unchanged from the previous day, the health commission said on Monday. All of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China narrows US lead in 2020 Asia power ranking as both countries hit by Covid-19Japan, India, and Russia rounded up the top five most powerful countries in the Asia-Pacific region.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

China narrows US lead in 2020 Asia power ranking as both countries hit by Covid-19Japan, India, and Russia rounded up the top five most powerful countries in the Asia-Pacific region.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

China reports 19 new COVID-19 casesSHANGHAI: China reported 19 new coronavirus cases in the mainland for Monday (Oct 19) up from 13 cases a day earlier, the health commission said ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Couple not allowed to return to China before COVID-19 trial resumes, after High Court overturns district judge's decisionSINGAPORE: A Chinese couple on trial for obstructing COVID-19 contact tracing efforts will not be allowed to return to China before the trial ... Good BAD DECISION......How can.......let them go back to china with a commitment to return for trial in jan.....THEY WILL JUST DISAPPEAR...... The distr*ct judge and the def*nce lawyer ought to be ashamed of themselves.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China beefs up laws to handle epidemics, protect whistleblowersBEIJING: China has passed a new law to improve its handling of disease outbreaks - including protecting whistleblowers - following a cascade of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »