China’s Billionaires Are Losing Billions Fast

If you thought your portfolio has been severely deed by China’s ever-widening crackdown, cheque retired these numbers.

Pinduoduo laminitis Colin Huang’s wealthiness has dropped by an astonishing $27 cardinal this year, according to the Bloomberg Billionaires Index. The e-commerce company’s American depositary receipts person fallen 44% year-to-date, arsenic Beijing has targeted tech giants and U.S.-listed Chinese companies, among others. He’s not the lone one—Tencent’s laminitis Pony Ma has mislaid $10 billion, portion Zhong Shanshan, president of bottled...