Yue Wang
Senior Contributor at Forbes
Forbes Asia writer. Previously @ TIME @Medill School of Journalism
Articles
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1 week ago |
flipboard.com | Yue Wang
8 hours agoHere’s the Minimum Net Worth To Be Considered Upper Class in Your 50sHitting your 50s can bring a lot of questions -- about health, career and, yes, money. One big one? "Am I where I should be financially?" Whether …3 hours agoThe recent U.S. market rebound is the calm before a potential storm, says Citi's Lucy BaldwinLucy Baldwin from Citi expects the Fed to cut interest rate by 125bps between July and next January as tariffs hurt growth and drive up unemployment.
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1 week ago |
forbes.com | Yue Wang
Colin Huang, founder of Chinese e-commerce behemoth PDD Holdings, saw his fortune shrink $5.7 billion overnight as shares of the Nasdaq-listed company plummeted Tuesday due to weak quarterly results reported the same day. The 45-year-old now has a net worth of $36.3 billion derived from a company stake, although Huang stepped down as chairman in 2021, according to Forbes estimates.
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1 week ago |
forbes.com | Yue Wang
Wang Chuanfu, the billionaire cofounder of Chinese electric vehicle giant BYD, saw his wealth drop by $1.8 billion in a single day after investors were spooked by the company’s decision to offer as much as a 34% discount on its already cheaply priced entry-level models. Wang, the company’s 59-year-old chairman and CEO, still has a fortune of $28.3 billion largely based on a BYD stake, according to Forbes estimates.
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2 weeks ago |
forbes.com | Yue Wang
Shares in Chinese battery giant Contemporary Amperex Technology soared almost 17% on their first trading day in Hong Kong as investors brushed off geopolitical concerns to pile onto the largest listing so far in 2025.
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2 weeks ago |
forbes.com | Yue Wang
Shares in Chinese e-commerce giant Alibaba fell as much as 4.8% on Monday in Hong Kong as a deal to provide AI technology to iPhones sold in China faced a possible backlash in the U.S.Investors in Alibaba, which is also listed on the New York Stock Exchange, were reacting to a New York Times story published Saturday that said the U.S. government is looking into Apple’ s plan to use Alibaba’s AI to offer more intelligent smartphone assistants in its second largest market by sales, China.
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Chinese Billionaire Eric Li To Delist Zeekr One Year After U.S. IPO via @forbes https://t.co/DzbYa6iWQW
The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments https://t.co/yFQHG1uubR
China, U.S. Officials To Start Trade Talks This Week, Lifting Markets via @forbes https://t.co/lWXuVs6ae8