2021: 10 Chinese tech moguls lose nearly $80 billion
Besides the real estate sector, 2021 has also been an overwhelming year for Chinese tech companies. On Dec. 29, Bloomberg reported that the total net worth of China's top 10 technology tycoons fell by nearly $80 billion, almost a quarter of their total assets. Colin Huang, the founder of the e-commerce company Pinduoduo, ...
Alibaba shares falter as Trump administration prepares more sanctions
The recent sanctions imposed by the Trump administration on technology companies linked to the Chinese Communist Party (CCP), are rocking the price of shares in the marketing giant Alibaba. President Donald Trump briefly alluded to Chinese technology companies and the increased pressure on them during his visit to Bedminster, New Jersey. Asked ...
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