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WANG XING CHEN
China’s tech moguls see $80 billion of wealth evaporate in 2021The country’s 10 richest tech tycoons lost $80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid w...
The world’s billionaire factory shudders as China cracks downBeijing’s motivations for the crackdown are varied. These include concerns about anti-competitive behaviour in the tech industry, risks to ...
How much cash are on-demand startups burning?Staying in Asia, the ride-hailing juggernaut Didi Chuxing lost 4 billion yuan or $585 million in the first half of last year.