Fast Fashion Giant Shein Loses Sheen Amid Global Headwinds
Once valued at an eye-popping $100 billion, Shein, a global name in fast-fashion, faced a reckoning in its Hong Kong stock exchange debut in September.
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Once valued at an eye-popping $100 billion, Shein, a global name in fast-fashion, faced a reckoning in its Hong Kong stock exchange debut in September.
Artificial intelligence, the mother lode of riches for several Chinese tycoons, continues to deliver vast gains and create new billionaires.
The Shanghai-listed shares of Eastroc Beverage nearly halved from a year ago, shrinking the fortune of chairman and CEO Lin Muqin by $6.5 billion to $8.7 billion.
Unitree’s 36-year-old founder, Wang Xingxing, makes his debut as the youngest member of China’s richest with a $7.8 billion fortune.
A symbol of China’s tech self-reliance drive, CXMT was cofounded by its chairman, Zhu Yiming, who debuts as this year’s wealthiest newcomer.
Liang Wenfeng, founder of China’s homegrown AI giant DeepSeek, shoots up to No. 3 with a $46 billion fortune.