this post was submitted on 04 Dec 2025
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Mainland China’s billionaire count surges as BYD and Mixue bosses power gains (www.scmp.com)
submitted 2 months ago by rss@news.abolish.capital to c/china@news.abolish.capital
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Mainland China’s billionaires have tightened their grip as Asia-Pacific’s wealthiest after their combined fortunes swelled to nearly US$1.8 trillion, with electric-vehicle (EV) maker BYD’s founder Wang Chuanfu and bubble tea chain Mixue’s bosses among the biggest drivers of that growth, according to a UBS report. Backed by a booming tech sector and surging asset prices, the wealth of mainland China’s billionaires jumped 22.2 per cent year on year to US$1.77 trillion in the 12 months to early...

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