SHANGHAI: Controversial Chinese billionaire Li Guoqing is in online hot water again for imitating Warren Buffet and offering an hour-long luncheon with himself to the highest bidder. Li, founder of Chinese online bookstore Dangdang.com, has been in the public eye for numerous reasons since late 2019 when he sued his wife Yu Yu, a co-owner of the company, for divorce which is still working its way through court. Li announced on China’s Twitter-like Sina Weibo that the auction would be conducted on Saturday, during his first livestreaming show on the online commercial platform Taobao. The Taobao platform shows that 86 people had bid on the luncheon as of 1:40 am Friday, with the highest bid exceeding 2 million yuan ($283,125). When Buffet held his luncheon auction in China, people were envious of those who attended.

Source: Manila Times June 12, 2020 16:07 UTC