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Richest man in China loses $14B as Temu crashes
August 27th, 2024 - 10:40 GMT

Richest man in China loses $14B as Temu crashes

ALBAWABA - Following the e-commerce behemoth's dreadful sales reports, PDD Holdings, the parent company of the rapidly expanding Chinese Temu shopping app, had its shares plummet more than 30% on Monday, wiping off more than $50 billion in market value, Fortune reports, while taking $14 billion out of China’s richest man’s pocket. Governments, notably the US, have been closely monitoring Temu on a number of topics, from its alleged exploitation ...
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11 Facts You Didn't Know About the Richest Man on Earth; Elon Musk
January 13th, 2021 - 02:00 GMT

11 Facts You Didn't Know About the Richest Man on Earth; Elon Musk

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