China's new tech market has already made three billionaires

Hong Kong China's new Nasdaq-style market has already propelled three tech executives to billionaire status.

The three men hold stakes in companies that ballooned in value when the Star Market in Shanghai began trading Monday. The 25 stocks on the market gained 140% on average the day of the debut, before retreating slightly Tuesday. They were higher again Wednesday on optimism that US-China trade talks will resume next week. The founder and chairman of Suzhou HYC Technology, Chen Wenyuan, is worth about 15 billion yuan based on Wednesday's share price.

I wonder can the billionaires spend the money the way they wants to, or however they wants too? Who has their monies? billionaire status = government control their monies.

Fascist Capitalism

Doesn’t Ivanka have a Voting Machine Patent in China ?

...and, they've only been at this a few years. Frightening.

科创板

真的吗

21st century is the Chinese century

realDonaldTrump How's your trade war going?

Россия Последние новости, Россия Последние новости

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Источник: CNN - 🏆 4. / 95 Прочитайте больше »