This year’s biggest winners may have been China’s uber-wealthy business leaders, who amassed an astonishing amount of wealth despite the global pandemic. Many of them have fashion to thank for part of their fortunes.
Billionaire Jack Ma's Alibaba Group paid about $800 million for a controlling stake in ChinaVision Media in 2014. The company later became known as Alibaba Pictures.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
China’s richest man said more Chinese companies are likely to join his Dalian Wanda Group Co. in becoming top FIFA sponsors and help the country’s chances to host the World Cup for the first time.
About 20 percent of China’s 200 or so billionaires can thank the fashion business for at least part of their fortunes. But how did these fascinating characters get to the top?
BEIJING, China — Three billionaires from China's property and Internet industries are forming an online shopping venture to challenge Alibaba Group