Bottled water, vaccines and electric vehicles propel China’s biggest earnersCHANGING FORTUNES: Former No. 5, while Hoshine Silicon CEO Luo Liguo jumped from 220th to the 21st spot on the Hurun China Rich ListReuters, HONG KONGBottled water, vaccine development, short-video platform TikTok and electric vehicle technology propelled the big earners on China’s rich list this year, as embattled property moguls and others facing regulatory scrutiny slipped down the rankings. The biggest mover in the top 100 was Luo Liguo (羅立國), chief executive of solar product firm Hoshine Silicon Industry Co (合盛矽業), who multiplied his net worth 6.5 times, vaulting from 220th to 21st spot. 1 spot next year, particularly if persistent rumors about the owner of short-video platform TikTok listing are realized, the Hurun Report said. Zhang “is a likely candidate to become the next Number One in China, especially if he gets to list ByteDance,” Hurun Report chairman Rupert Hoogewerf said.

Source: Taipei Times October 28, 2021 02:30 UTC