Spending on gift-giving by Chinese luxury consumers was down a further 5% in 2014, totalling 30% over two years according to Hurun Research Institute.
Jack Ma of Alibaba, becomes the number one in Hurun Rich List 2014, with a fortune of US$25 billion, surpassing Wang Jianlin of Wanda in second place with US$24.2 billion.
Hurun released the richest Chinese women list this week. The list shows there are 50 Chinese richest women who each has assets worth over RMB 5 billion ($0.81 billion) and 70% of them are self-made and 30% inherited wealth from their families.
Hurun Report, a monthly magazine best known for its China Rich List, released its China IT Rich List on September 23 2013. This is the 11th time that Hurun released the top 50 China IT Rich List. Pony Ma, Tencent’s CEO, surpassed Robin Li the first time in four years to be the richest man […]
According to Hurun Research Institute, there are a total of 2.7 million dollar millionaires in China and those in Beijing, Guangdong and Shanghai combined represent almost half of total dollar millionaires (47.6%).