China's Rich List has changed considerably over the past decade.
China's three richest people in 2020. From left to right: Tencent founder Pony Ma Huateng, Nongfu Spring founder Zhong Shanshan, Alibaba founder Jack Ma. Credit: Techcrunch/Wikimedia Commons/World Economic Forum
Chinese leader Xi Jinping wants the country's richest to share more of their wealth. In response, China's biggest companies and wealthiest individuals have been lining up to make charitable donations in recent weeks, with “common prosperity” now an unambiguous political priority.
Of course, “common prosperity” isn’t a new concept for the Chinese Communist Party. But amid rising wealth inequality and Xi’s crackdown on private enterprise in China, the idea has taken on a newfo
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A judge in California last week overturned a jury verdict that had convicted Ding Linwei of economic espionage, after he stole documents about the tech giant’s AI chips.
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