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Alibaba founder Jack Ma reclaims top spot among Chinese billionaires

Friday, October 12, 2018, 11:10 AM

Alibaba's 54-year-old Founder Jack Ma has reclaimed the position of China's richest man with a net worth of $39 billion, according to Hurun China Rich List 2018. Ma has dethroned real estate firm Evergrande Group's $36-billion worth Xu Jiayin as the country's richest man, the list added. Tencent's Pony Ma is China's third richest man with $35 billion wealth.
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Ex-Billionaire Fights UBS Bid to Foreclose on London Home

Wednesday, October 10, 2018, 11:09 AM

UBS Group is seeking to foreclose on a $26.6-million mortgage loan (nearly Rs 200 crore) on Vijay Mallya's London house overlooking the city's Regent's Park. UBS said that a British Virgin Islands-based company owned by a Mallya family trust failed to repay the mortgage. The 62-year-old's five-year loan for the house expired in March 2017, the bank informed a London court.
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The night a Chinese billionaire was accused of rape in Minnesota

Tuesday, September 25, 2018, 9:54 AM

The 21-year-old student, who accused Chinese e-commerce giant's 45-year-old billionaire Richard Liu of rape, had texted her friend, "He started to touch me in the car...I begged him not to...but he did not listen." "He will suppress it...You underestimate his power," another text read. The student accused Liu of forcing her to have sex when she was "really drunk".

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