China Internet Watch https://www.chinainternetwatch.com China Internet Stats, Trends, Insights Mon, 30 Apr 2018 06:53:00 +0000 en-US hourly 1 https://www.chinainternetwatch.com/wp-content/uploads/cropped-ciw-logo-2019-v1b-80x80.png China Internet Watch https://www.chinainternetwatch.com 32 32 Momo’s CEO Tangyan on The Fortune 40 under 40 2014 https://www.chinainternetwatch.com/9785/momos-ceo-tangyan-the-fortune-list-40-under-40-2014/ https://www.chinainternetwatch.com/9785/momos-ceo-tangyan-the-fortune-list-40-under-40-2014/#respond Fri, 14 Nov 2014 01:00:25 +0000 http://www.chinainternetwatch.com/?p=9785 tang-yan-momo-ceo

Fortune magazine published 40 Under 40 list last month and Tang Yan (35 yeas old), who is founder and CEO of Momo getting listed on NASDAQ, ranking 24, is the only one from China.

fortune-list-2014-

It is said that the list of 40 under 40 is an annual rich list published by Fortune. Many elites from technology industry had been in the list, such as founder and CEO of Tencent, Ma Huateng (Pony), founder and CEO of Jingdong, Liu Qiangdong (Richard), and Wang Jun, dean of BGI( Bejing Genomics Institute).

This year, the top one on the list is CEO of Uber, Travis Kalanick, followed by founder and CEO of Airbnb, Brian Chesky and Mark Zuckerberg, CEO and founder of Facebook.Marissa Mayer, CEO of Yahoo, ranked top on list in 2013. This year, she ranks 6 and she is still the only female one with high rank.

Also read: Fortune 500 2014: Top Chinese Internet Companies

]]>
https://www.chinainternetwatch.com/9785/momos-ceo-tangyan-the-fortune-list-40-under-40-2014/feed/ 0
Half of Top 10 on Forbes China Rich List 2014 are Internet Entrepreneurs https://www.chinainternetwatch.com/10246/half-of-top-10-on-forbes-china-rich-list-2014-are-internet-entrepreneurs/ https://www.chinainternetwatch.com/10246/half-of-top-10-on-forbes-china-rich-list-2014-are-internet-entrepreneurs/#respond Tue, 28 Oct 2014 08:28:39 +0000 http://www.chinainternetwatch.com/?p=10246 riches-chinese

Half of the top 10 richest men in China on Forbes Rich List 2014 are internet entrepreneurs, on top of which is Alibaba’s co-founder and chairman Jack Ma.

China’s top 100 richest are now worth $376 billion according to Forbes.

Top 10 Richest Chinese in 2014

  1. Jack Ma, $19.5B, E-commerce
  2. Robin Li $14.7B, internet search
  3. Ma Huateng $14.4B, internet media
  4. Wang Jianlin $13.2B, real estate
  5. Li Hejun $13B, renewable energy
  6. Zong Qinghou $11B, beverages
  7. Wang Wenyin $10B, metal
  8. Lei Jun $9.1B, smartphone
  9. He Xiangjian $7.5B, appliances
  10. Liu Qiangdong $7.1B, e-commerce

Here is a comparison with Hurun’s Rich List 2014:

Name Wealth US$m Company
1 28 Ma Yun & family 25,000 Alibaba
2 -1 Wang Jianlin & family 24,200 Wanda
3 80 Li Hejun 20,800 Hanergy
3 -1 Zong Qinghou & family 20,800 Wahaha
5 -2 Ma Huateng 18,100 Tencent
6 0 Li Yanhong & Ma Dongmin 17,500 Baidu
7 40 Yan Jiehe & Yan hao 14,200 China Pacific Construction
8 -2 Yan Bin 10,000 Reignwood
9 248 Liu Qiangdong 8,800 JD.com
10 53 Lei Jun 7,500 Xiaomi Technology

Read more: Top 10 Richest Chinese Women in 2014

]]>
https://www.chinainternetwatch.com/10246/half-of-top-10-on-forbes-china-rich-list-2014-are-internet-entrepreneurs/feed/ 0
The Top 100 Richest Men in China in 2014 https://www.chinainternetwatch.com/10143/top-10-richest-2014/ https://www.chinainternetwatch.com/10143/top-10-richest-2014/#respond Fri, 24 Oct 2014 08:00:34 +0000 http://www.chinainternetwatch.com/?p=10143 chinese-rich

Jack Ma of Alibaba, becomes the number one in Hurun Rich List 2014, with a fortune of US$25 billion, surpassing Wang Jianlin of Wanda in second place with US$24.2 billion.

There are 354 dollar billionaires in Hurun Rich List 2014, up 39 on last year.  10 years ago there were only 3. 819 saw their wealth grow (last year 672) of which 343 (last year 115) were new faces. Total wealth of the richest men in China on Hurun Rich List comes to US$1.4 trillion, more than the GDP of countries like Spain or South Korea.

5 new faces in the Top 10: Jack Ma, Li Hejun, Yan Jiehe, Liu Qiangdong and Lei Jun.

26 are under forty and self-made, two of whom are dollar billionaires: Chen Ou, 31, of Jumei with US$1.5bn, and 34-year old Zhang Bangxin, 34, of TAL Education worth US$1.05bn.

IT has seen the biggest boom. 5 of the Top 10 are in IT. It’s been a good year for entertainment, investments, cars, renewable energy, pharmaceuticals, manufacturing. It has been a bad year for steel and shipping. Manufacturing and real estate are the primary source of wealth for almost half the list.

7 of the Top 10 on the Hurun Rich List are amongst the most popular social media bloggers, showing the huge impact these individuals are having in China. Real estate tycoon Pan Shiyi is the newly-crowned ‘social media king’ with 27m followers, followed by actor and investor Jet Li.

Beijing is the city of choice to live in with 180 individuals living there, 40 more than last year.Shanghai, surprisingly, comes in third behind Shenzhen again.

Anti-corruption campaign. 18 of last year’s list are in varying degrees of trouble with the authorities, of which 11 still made the list this year.

12% are self-made women, led by Chen Lihua, 73, the most successful businesswoman in the world. One of Baidu’s founders, Ma Dongmin, also the wife of Robin Li (a.k.a. Li Yanhong, CEO of Baidu), ranks the fifth richest Chinese women, with net worth of RMB22.5 ($3.67 billion).

Hurun Rich List 2014 – The Top 10 Richest Men in China

 

Name Wealth US$m Company
1 28 Ma Yun & family 25,000 Alibaba
2 -1 Wang Jianlin & family 24,200 Wanda
3 80 Li Hejun 20,800 Hanergy
3 -1 Zong Qinghou & family 20,800 Wahaha
5 -2 Ma Huateng 18,100 Tencent
6 0 Li Yanhong & Ma Dongmin 17,500 Baidu
7 40 Yan Jiehe & Yan hao 14,200 China Pacific Construction
8 -2 Yan Bin 10,000 Reignwood
9 248 Liu Qiangdong 8,800 JD.com
10 53 Lei Jun 7,500 Xiaomi Technology
11 -6 Yang Huiyan 7,300 Country Garden
11 -2 Zhang Jindong 7,300 Suning
11 11 Zhang Shiping & family 7,300 Weiqiao Pioneering
14 5 Wang Wenyin 7,200 Amer
15 -5 Xu Jiayin 7,000 Evergrande
16 0 He Xiangjian & He Jianfeng 6,800 Midea
17 -5 Chen Lihua 6,700 Fu Wah International
17 -9 Xu Rongmao & family 6,700 Shimao
19 -1 Lu Guanqiu & family 6,600 Wanxiang
20 -8 Liu Yongxing & family 6,300 East Hope
20 16 Zhang Zhidong 6,300 Tencent
22 -18 Wei Jianjun & family 6,200 Great Wall Motor
23 2 Ding Lei 5,900 Netease
24 -3 Li Jinyuan 5,800 Tiens
24 -12 Lu Zhiqiang 5,800 FanHai
26 13 Lyu Xiangyang & Zhang Changhong 5,300 Guangzhou Youngy
26 -1 Zhu Yicai & Wu Xueqin 5,300 Yurun
28 9 Wang Chuanfu 5,200 BYD
29 -14 Liang Wengen 5,000 Sany
30 -13 Liu Yonghao & family 4,800 New Hope
30 -6 Zhang Yin 4,800 Nine Dragons Paper
32 9 Guo Guangchang 4,700 Fosun
32 -4 Wang Yusuo & Zhao Baoju 4,700 ENN
32 119 Zhou Jianping & family 4,700 Hailan
35 -13 Wu Yajun & family 4,300 Longfor Properties
36 -4 Shi Yuzhu & family 4,100 Giant Investments
37 7 Huang Wei & Li Ping 4,000 XinHu
38 -19 Sun Guangxin 3,900 Guanghui
39 -29 Jiang Bin & Hu Shuangmei 3,800 GoerTek
40 -6 Huang Rulun 3,700 Century Golden Resources
40 -8 Pan Shiyi & Zhang Xin 3,700 SOHO China
40 4 Wang Wenxue 3,700 Fortune Land Development
43 -12 Gong Hongjia & Chen Chunmei 3,600 Hikvision Digital Technology
43 75 Jiang Zhaobai 3,600 Pengxin
43 20 Li Shufu & Li Xingxing 3,600 Geely
43 4 Pan Zhengmin & Wu Chunyuan 3,600 AAC Acoustic Technologies
47 -22 Chen Fashu 3,400 Xinhuadu
48 15 Chen Jianhua 3,300 Wujiang Henli Chemical Fibre
48 New Wei Qi & Wei Xiao 3,300 Tianhe Chemicals
48 -19 Zhu Mengyi & family 3,300 Hopson, Pearl River
51 -17 Chen Zhuolin & family 3,200 Agile Property
51 -12 Huang Guangyu & family 3,200 Pengrun Investment
51 -7 Jia Yueting 3,200 Letv
51 -4 Rong Zhijian 3,200 Citic Pacific
51 -4 Wei Shaojun 3,200 Longjitaihe
51 47 Xiao Jianhua & Zhou Hongwen 3,200 Tomorrow Holding
57 22 Qiu Guanghe  & family 3,100 Semir
58 -11 Cai Kui & family 3,000 Longfor Properties
58 -17 Du Shuanghua 3,000 Rizhao Iron and Steel
58 -11 Shi Wenbo 3,000 HengAn
61 -14 Shen Guojun 2,900 China Yintai
61 36 Sun Shoukuan & family 2,900 Jiacheng
61 -4 Xu Lianjie 2,900 HengAn
61 151 Xue Guanglin 2,900 Brightoil
61 31 Yuan Yafei 2,900 Sanpower
61 -2 Zhang Zhixiang 2,900 Jianlong
61 New Zheng Jianming 2,900 Shunfeng PV
68 30 Chen Tianqiao & family 2,800 Shanda
68 304 Lin Yi 2,800 Shenglong
68 82 Liu Zhongtian 2,800 Zhongwang
68 15 Zhang Hongwei 2,800 Orient
68 -1 Zhu Linyao 2,800 Huabao International
73 10 Du Sha & family 2,700 Homeworld
74 5 Fang Wei 2,600 Fangda
74 249 Guo Wengui & family 2,600 Zhengquan Property
74 -27 Ye Chenghai & Liao Qingqing 2,600 Salubris Pharmaceuticals
74 -17 Zhang Li & Zhang Liang 2,600 R&F
78 134 Che Jianxing 2,500 Macalline
78 New Chen Hongtian & Yao Lini 2,500 Cheung Kei
78 -6 Lin Xiucheng & Lin Zhiqiang 2,500 Sanan
78 98 Shao Zhongyi 2,500 Chenxi
78 New Zhang Lei 2,500 Hillhouse
83 8 Feng Hailiang 2,400 Hailiang
83 -11 Li Li & Li Tan 2,400 Hepalink
83 650 Pang Kang 2,400 Haitian
83 -11 Song Zuowen & family 2,400 Nanshan
83 -11 Yu Yong 2,400 Cathay Fortune Corp
83 51 Zhao Buchang & Zhao Tao 2,400 Buchang
83 82 Zhou Hongyi 2,400 Qihoo
90 -17 Cai Dongqing & family 2,300 Alpha Animation
90 99 Che Fengsheng 2,300 Sihuan Pharm
90 34 Chen Jinxia 2,300 Yongjin
90 -66 Fu Liquan & Chen Ailing 2,300 Dahua Technology
90 -2 Huang Maoru & Zhang Jing 2,300 Maoye
90 -49 Huang Nubo 2,300 Zhongkun
90 2 Huang Wenzai 2,300 Star River
90 34 Lin Li 2,300 Liye
90 -7 Liu Hanyuan & Guan Yamei 2,300 Tongwei
90 34 Liu Yiqian 2,300 Sunline
90 111 Luo Shaoyu & Zhao Jiehong 2,300 Dongyin
90 -27 Ma Xingtian & family 2,300 Kangmei
90 8 Miao Shouliang 2,300 Fuyuan
90 -18 Ni Zhaoxing & family 2,300 Zhongrong
90 -41 Shen Wenrong 2,300 Sha Steel
90 -2 Sun Piaoyang & Zhong Huijuan 2,300 Jiangsu Hengrui Medicine
90 -17 Wen Yibo & Zhang Huiming 2,300 Sound Environment
90 8 Xu Yu & Li Shanhu 2,300 Trendy International
90 18 Xue Xiangdong & family 2,300 DHC Digital Technology
90 358 Yan Xijun & family 2,300 Tasly
90 New Zhang Jun 2,300 Fu De
90 28 Zhu Gongshan 2,300 Golden Concord Holdings

Read more: Habits of 2.7M High Net Worth Individuals in China

]]>
https://www.chinainternetwatch.com/10143/top-10-richest-2014/feed/ 0
Top 10 Richest Chinese Women in 2014 https://www.chinainternetwatch.com/10106/hurun-chinese-richest-women-list-released/ https://www.chinainternetwatch.com/10106/hurun-chinese-richest-women-list-released/#comments Thu, 23 Oct 2014 00:49:18 +0000 http://www.chinainternetwatch.com/?p=10106 hurun-chinese-richest-women

Hurun released the richest Chinese women list this week. The list shows there are 50 Chinese richest women who each has assets worth over RMB 5 billion ($0.81 billion) and 70% of them are self-made and 30% inherited wealth from their families.

Yang Huiyan, 33 year-old, CEO of Bi Gui Yuan Holdings worth RMB44 billion ($7.19 billion), ranks top in the list and this is the fourth time for her to be in the richest Chinese women list during the past 9 years.

liyanhong-and-his-wife

One of Baidu’s founders, Ma Dongmin, also the wife of Robin Li (a.k.a. Li Yanhong, CEO of Baidu), ranks the fifth richest Chinese women, with net worth of RMB22.5 ($3.67 billion).

Ji-Kaiting-hurun-chinese-richest-women

Ji Kaiting, 24 y-o, is the only post-90 in the Chinese richest women list. She is the daughter of Ji Haipeng (the owner of Logan Property) who owns 85% stake in Logan. In 2013, Logan Property’s total revenue was RMB11.1 billion ($1.83 billion) and it was listed in Hong Kong Stock Exchange in December 2014.

Top 10 Richest Women in China

Ranking Name Wealth (RMB, billion) Change Company Industry HQ Age
1 – Yang Huiyan 44 -14% Bi Gui Yuan Real Estate Foshan, Guangdong 33
2 – Chen Lihua 40 8% Fuhua Real Estate, Red Sandalwood Museum Beijing 73
3↑ Zhang Yin 29 7% Nine Dragons Paper (Holdings) Limited Papermaking Dongguan, Guangdong 57
4↓ Wu Yajun 26 -7% Longfor Real Estate Beijing 50
5 * Ma Dongmin 22.5 New Baidu Search Engine Beijing 44
6 – Zhang Xin 22 29% SOHO China Real Estate Beijing 49
7↑ Lu Qianfang 19 -14% Agile Property Holdings Limited Real Estate Guangzhou, Guangdong 53
8↑ Zhu Linyao 16.5 14% Huabao Global Flavors, spices Shenzhen, Guangdong 44
9 * Chen Jinxia 13.5 35% Yongjin Group Pharmaceutical industry, Investment Shanghai 46
9 – Zhang Jing 13.5 13% Maoye International Holdings Real Estate Shenzhen, Guangdong \

Also read: Habits of 2.7M High Net Worth Individuals in China

]]>
https://www.chinainternetwatch.com/10106/hurun-chinese-richest-women-list-released/feed/ 1
Habits of 2.7M High Net Worth Individuals in China https://www.chinainternetwatch.com/9535/hnwis-2014/ https://www.chinainternetwatch.com/9535/hnwis-2014/#comments Mon, 13 Oct 2014 06:00:58 +0000 http://www.chinainternetwatch.com/?p=9535 riches-chinese

There are about 2.7 million HNWIs (High Net Worth Individuals) in China each of whose assets totals over $0.95 million. And, the number of ultra high net worth individuals (UHNWIs), each with personal assets worth over $15.8 million, reached 63,500. 

collections

Over 60% of HNWIs in China are collectors; and, watches are their favorites. The collections mainly are from their personal interest.

prefered-locations-purchase

Hong Kong is really a paradise to shop and 73% of Chinese HNWIs like to shop there during a year.

popular-overseas-purchase

Watches are favored by males and cosmetics are favored by females in overseas shopping.

characteristics-luxury-goods

UHNWIs are tending to favor yachts and jets more recently.

occasions-to-gifts

HNWIs would like to send watches as best choices for gifts. They usually spend $24,000 per year on giving out gifts.

personal-investment

Although China’s real estate is not running so well in recent years, it is still HNWIs’ favorite personal investment.

types-of-pets

Over one third of HNWIs in China have pets and 5% of pets owners have chinchillas.

top-3-main-areas

Travel accounts for 19% of HNWIs’ total spending, and it is estimated that they will spend more on travel in the future.

when-to-send-children-abroad

Education is another huge spend of HNWIs, 85% of HNWIs like to send their children abroad for further education.

religious-belief

18% of Chinese have belief in Buddhism; 29% of HNWIs have belief in Buddhism.

source-info-consumer-good

Although most Chinese HNWIs are not used to online shopping, Internet is the first choice for them to know details of their necessary goods.

Most HNWIs are Beijing, Jiangsu, Shanghai, Zhejiang, Fujian, Guangdong and ect.

Also read: Alibaba Chairman Jack Man is the Richest Man in China

]]>
https://www.chinainternetwatch.com/9535/hnwis-2014/feed/ 2
Alibaba Chairman Jack Man is the Richest Man in China https://www.chinainternetwatch.com/8486/alibaba-chairman-jack-man-is-the-richest-man-in-china/ https://www.chinainternetwatch.com/8486/alibaba-chairman-jack-man-is-the-richest-man-in-china/#comments Thu, 28 Aug 2014 02:00:36 +0000 http://www.chinainternetwatch.com/?p=8486 jack-ma

The founder and chairman of Alibaba Group, Jack Ma (or Ma Yun), has a net worth of $21.8 billion, according to Bloomberg.

Pony Ma (left), Robin Li
Pony Ma (left), Robin Li

Jack Ma is $5.5 billion richer than Pony Ma (or Ma Huateng), the founder of Tencent according to Bloomberg. Robin Li (or Li Yanhong), Baidu’s founder and CEO, ranks the third.

Alibaba plans to get listed on New York Stock Exchange next month and it may set its IPO value at $154 billion, according to the average estimate of five analysts surveyed by Bloomberg in July.

Jack Ma owns 8.8% of Alibaba and his interest in the company is valued at $11.3 billion after subtracting the 1.5% controlled by SymAsia Foundation, his charitable organization.

Read more: 10 Charts to Tell You Almost Everything About Alibaba Group & Compare Alibaba with Amazon

]]>
https://www.chinainternetwatch.com/8486/alibaba-chairman-jack-man-is-the-richest-man-in-china/feed/ 3
Forbes: Best CEO of China’s Public Companies in 2014 https://www.chinainternetwatch.com/7844/best-ceo-2014/ https://www.chinainternetwatch.com/7844/best-ceo-2014/#respond Mon, 07 Jul 2014 13:23:58 +0000 http://www.chinainternetwatch.com/?p=7844 Letv Founder & CEO

Forbes China studies the revenues of China’s public listed companies for three consecutive years and came up with a “China’s Best CEO” list today.

The average salary of Forbes’ this year’s best ceo is about RMB 1.89 million, less than a third of last year’s because some of the top paid CEOs such as Tencent’s Pony Ma didn’t make it to this year’s Best CEO list.

Highlights of Forbes Best CEO 2014

  • The Best CEO among China’s public listed companies is Jia Yueting, the chairman of Leshi Television (LeTV.com, China’s online video portal)
  • The second best: Liu Chengyan, chairman and CEO of ChinaNetCenter (China’s CDN and data center provider)
  • The third best: Tang Hui, general manager of BY-Health, a China-based comapny principally engaged in the research, development, production and distribution of nutrition supplements
  • The average salary is less than a third of last year’s
  • No one is from real estate industry

View the translated list here.

]]>
https://www.chinainternetwatch.com/7844/best-ceo-2014/feed/ 0
Secrets to Luxury Life of Chinese Multimillionaires Revealed https://www.chinainternetwatch.com/6186/secrets-to-luxury-life-of-chinese-multimillioinaires-revealed/ https://www.chinainternetwatch.com/6186/secrets-to-luxury-life-of-chinese-multimillioinaires-revealed/#comments Tue, 18 Feb 2014 03:47:14 +0000 http://www.chinainternetwatch.com/?p=6186 best brand for gifting by men

The Hurun Research Institute recently conducted an investigation about luxury consumption towards 551 rich men and women from 31 cities. Among the rich, 69 people were billionaires. The average age of multimillionaires and billionaires was 38 and 40 years old respectively. And the average money they spent yearly was 1.77 million yuan (USD 290,000), less than 3% of their average wealth which was 59 million yuan (USD 9.67 million).

Brief Summary

  • Moutai dropped from the fifth place of last year to the thirteenth place, falling out of the Top 10 Preferred Brands for Gifting, but it still remained the only Chinese brand in the list.
  • One out of four rich people had confidence in the development of economy, indicating the ratio dropping from 56% three years ago to 25%, sinking to an all-time low.
  • The average sleeping hours of billionaires were six and half hours, with half an hour more in weekends.
  • The enthusiasm for collections rose rapidly, with watches ranking the first, calligraphy the second and contemporary art continuing to fell to the sixth.
  • The rich concerned about health, time and family life most.
  • Burberry, Gucci, Montblanc squeezed into the list of Top 10 for the first time this year.
  • Brother Watch (Biaoge) phenomenon affected the ranking of Swiss watches, resulting in the fall of watches ranking. Accessories were favorite gifts for rich consumers.
  • Billionaires spent one third of time on the way and 9.2 days every month on business trips, 3 days less than last year, 1.7 days more than multimillionaires.
  • Australia, being the best tourist destination in 2006, dropped out of the top three for the first time in recent nine years.
  • France still remained the top of international travel destinations for rich consumers. England rose from the thirteenth in last year to the fifth this year. The Maldives went through spikes and drops in the list, falling from the fourth of last year to the tenth this year, being out of the Top 5 for the first time during these three years.
  • The Internet was the primary access to information, newspaper and magazine ranking the third and fourth. TV was down to the fifth from the first in last year.
  • Switzerland rose from the eighth to the fourth in the education destination list.
  • 60% of riches were willing to let their children grew up freely.
  • The most proud identity was an entrepreneur for a man of wealth.
  • 43% of multimillionaires and 58% billionaires held a master degree or EMBA degree.

best brand for gifting by women

The Hurun Research Institute published Hurun Report Chinese Luxury Consumer Survey 2013 for the ninth consecutive year in the press conference of Hunrun Best of the Best Awards dinner party. This survey aimed to reveal a holistic picture about the brand recognition, consumption habit and the lifestyle of China’s wealthy consumers. Statistics about happiness index was added into the survey for the first time this year.

Among all the brands favored by rich consumers, Moutai dropped out of the Top 10. Impeded by the alcohol regulation and the health scare involving the use of plasticizers, its ranking dropped from the fifth to the thirteenth this year. French wine maker Chateau Lafite became the only alcohol brand in the top 10  brands for gifting list, indicating the increasing favor of wine for the wealthy.

The ranking of watch was influenced by the Brother Phenomenon about financial irregularities of government officials which stirred up public opinions. As a result, Swiss watch Rolex was squeezed out of the Top 10 for the first time, and replaced by Longines which was cheaper and ranked the fifteenth of the list. Every multimillionaire owned 4 watches on average while the average number of watches owned by Billionaires dropped from 5.6 to 4.9.

French and Italian brands were favored mostly by the Chinese riches. British brand joined the list of Top 10 for the first time, owing to the performance of fashion brand Burberry which ranked the ninth. Accessories gained the most popularity of gifts for the wealthy.

Apple, being the only electronic brand in list, was widely welcomed by the wealthy, rising from the fourth of last year to the second this year. Due to the massive expansion in the Chinese mainland, Gucci and Montblanc performed particularly well and both broke into the Top 10 list.

Rupert Hoogewerf, the chairman and chief investigator of Hurun Report, said that the wealthy preferred to buy the luxury brands with high reputation but modest price.

Personal Investment

Despite the macroeconomic regulations and controls by Chinese government, the wealthy still kept the faith for the real estate investment which was the primary choice up to 40% for all investments. Stock declined to 43.6% for four consecutive years but it still ranked the second. Fixed income and gold came the third and fourth.

Economy Confidence

One out of four rich persons had confidence in economy. The percentage dropped from 56% to 25%. The ratio of the wealthy with no confidence rose from 1% three years ago up to 9.4%. Under such circumstances, even though most of the entrepreneurs were reluctant to take risks but still more than one third of the wealthy took initiative to invest.

Society Responsibility

Tax payment was still the best way to show responsibility. The concern for environmental protection rose up to 17% from 11% of last year, ranking from the fifth to the third, especially for the respondents who were under 45.

Collection

One out of three rich people had favor for watches. Even though, the watches still remained in the first position but the trend went down for the recent four years. Passion for cars was surpassed by Beijing quadrangle dwellings and Shanghai aged villas. The love for contemporary art fell to the sixth from fifth. And the ancient calligraphy and painting remained the second place.

Travel

Travel was still the first choice for leisure. The frequency dropped for the first time for past five years. Multimillionaires went abroad for 2.8 times on average and billionaires for 3.4 times dropping from 4.2 times in 2012. One third of billionaires’ time were on the transportation with 9.2 days business trips per month, 3 days less than last year and 1.7 days more than multimillionaires’ business trips. The holidays for billionaires were one day longer than the ones for multimillionaires and up to 21 days. The resorts in Sanya was the best destination.

Tourist Destination

Australia dropped significantly to the seventh from the third, staying out of top 3 for the first time for three years. The Maldives went through spikes and drops in the list, falling from the fourth of last year to the tenth this year, being out of the Top 5 for the first time for past three years. Half of the countries were from Europe in the Top 10 list. In last year, there were only two European countries in the list. Japan dropped out of Top 1o this year.

Sports

Swimming, replaced golf, became the favorite way of sports. In recent years, swimming and golf occupied the first two places all along. The ratio of interest for horse-riding doubled and became the fastest growing interest. 40% of the wealthy did exercise three times every week.

Study Abroad

There was a stable ranking for the top three countries, America, England and Canada. Australia dropped from the forth to the fifth. France rose from the ninth to the seventh. One third of the wealthy chose to send their children to study abroad during high school.

]]>
https://www.chinainternetwatch.com/6186/secrets-to-luxury-life-of-chinese-multimillioinaires-revealed/feed/ 6
Come Meet China’s Tuhao https://www.chinainternetwatch.com/4890/come-meet-china-tuhao/ https://www.chinainternetwatch.com/4890/come-meet-china-tuhao/#comments Tue, 26 Nov 2013 12:51:04 +0000 http://www.chinainternetwatch.com/?p=4890 tuhao

Tuhao has been a hot word all over the media, it represents rich Chinese who love to show off their wealth on internet while claiming to be poor.

According to an article from Sydney Morning Herald, China’s vulgar rich: befriended but unloved, a crowdsourced translation call on China’s social media yielded “new money,” “slumdog millionaire,” the “riChinese” and “billionbilly.” When English falls short, French is on hand to help: Tuhao have the artistic sensibilities of the arriviste, the social grace of the parvenu, and the spending habits of the nouveau riche.

Tuhao is referred over 56 million times on Sina Weibo, everybody wants to be friends with tuhao, but nobody really likes them. They have caused attention of many foreign media, BBC made a special program about Chinese tuhao.

The popularity of tuhao began early in September, Sina Weibo started an acitivity “Let’s be friends with tuhao”. It’s similar to diaosi, which is a kind of insult of poor and unattractive young man who are struggling for life in cities in the beginning. Then it raged all over online, all of sudden, many young people self-deprecated themselves as diaosi. Diaosi, or “be friends with tuhao”, separate common people with rich class in China.

The most famous Chinese tuhao is a woman from Anhu province in early October 2013. Chinese media reported an anonymous woman gave 4 million yuan (USD 652,193) worth Bentley to her son-in-law as wedding gift. Whether the story is true or not, we could not know. But it was a sensation across internet, arousing mixed feelings with mock, envy, jealousy and hatred. Another father in Liaoning province, bought a kindergarten for his 4-year-old daughter to offer her a nice education environment. He said it was a nice kindergarten in many aspects after he searched for a long time and quite cheap, it merely cost him 10 million yuan (USD 16.03 million).

On September 20, 2013, Apple launched a new golden iPhone 5S, it was quite popular and soon sold out in China. The official price for golden iPhone 5s is 5,288 yuan (USD 862), in China, golden iPhone 5S price is above 8,800 yuan (USD 1,435).

On September 22, 2013, Chinese richest man Wang Jianlin celebrated his new Chinese Hollywood in Qingdao with top Hollywood stars, such as Nicole Kidman and Leonardo DiCaprio. Wang Jianlin, founder of Dalian Wanda Group, invested 30 billion yuan (USD 4.89 billion) in Qingdao film and entertainment industry park.

A research done by A.T.Kearney in October 2013 showed that 2% Chinese consumed one third of global luxury brands.

Tuhao is just another online word for Chinese rich people, especially for those who became rich quickly. Common people have different attitudes towards tuhao, they laughed at them, mocking their tastes, at the same time, they want to be friends with tuhao. The gap between the rich and poor has deepened, a part of Chinese became rich during the early stage of China reform and opening-up policy. Rich people live a luxury life while most of Chinese young people are struggling for life, they could only make their life less miserable by calling the rich tuhao.

2013 Forbes’ China Rich List collected 168 billionaires, much more than last year’s 113 billionaires. The total wealth of top 400 Chinese rich people mounted to 3.475 trillion yuan (USD 567 billion).

]]>
https://www.chinainternetwatch.com/4890/come-meet-china-tuhao/feed/ 18
Forbes: Baidu CEO The Third Richest in China https://www.chinainternetwatch.com/4367/forbes-baidu-ceo-ranked-third-china-rich-list/ https://www.chinainternetwatch.com/4367/forbes-baidu-ceo-ranked-third-china-rich-list/#comments Sun, 27 Oct 2013 03:14:23 +0000 http://www.chinainternetwatch.com/?p=4367 Robin Li

Forbes published its China Rich List 2013 on October 16, Baidu CEO Robin Li ranked the third in China Rich List. Tencent’s CEO Pony Ma and Alibaba’s founder Jack Ma were all on the top 10 list.

Forbes’ China Rich List collected 168 billionaires, much more than last year’s 113 billionaires. The total wealth of top 400 Chinese rich people mounted to 3.475 trillion yuan (USD 567 billion), increasing 35%; and the total wealth of top 100 Chinese rich people added up to 1.928 trillion yuan (USD 315 billion), 44% more than last year.

Dalian Wanda Group CEO Wang Jianlin was the richest man in China, with 86 billion yuan (USD 14.03 billion) net assets. Baidu CEO Robin Li ranked the third, with 67.7 billion yuan (USD 11.05 billion) net assets. Tencent’s CEO Pony Ma ranked the fifth with 62.2 billion yuan ( USD 10.15 billion) net assets. Tencent was the biggest internet enterprise this year in terms of market value. Alibaba’s founder Jack Ma owned 43.3 billion yuan (USD 7.06 billion) net assets, ranking the eighth on the list.

]]>
https://www.chinainternetwatch.com/4367/forbes-baidu-ceo-ranked-third-china-rich-list/feed/ 2
Hurun: Tencent’s CEO Pony Ma The Richest on IT Rich List https://www.chinainternetwatch.com/4091/tencents-ceo-pony-ma-ranked-top-on-hurun-it-rich-list/ https://www.chinainternetwatch.com/4091/tencents-ceo-pony-ma-ranked-top-on-hurun-it-rich-list/#comments Thu, 03 Oct 2013 05:33:03 +0000 http://www.chinainternetwatch.com/?p=4091 PONY MA

Hurun Report, a monthly magazine best known for its China Rich List, released its China IT Rich List on September 23 2013. This is the 11th time that Hurun released the top 50 China IT Rich List.

Pony Ma, Tencent’s CEO, surpassed Robin Li the first time in four years to be the richest man in IT industry with 56 billion yuan (USD 9.1 billion). Baidu CEO Robin Li ranked the second with 46 billion yuan (USD 7.5 billion).

IT industry was one of the fast growing industry in Hurun’s list, with over 20% growth rate. The average wealth was 51% more than last year, and 20 times more than 10 years ago. And the wealth of the 50th reached 3.5 billion yuan (USD 569 million), with an annual growth of 46%.

The market capital of Tencent was 550 biLlion yuan (USD 89.4 billion), which was the richest company in Hurun’s list. Pony Ma owned 10.25% of Tencent’s stake.

]]>
https://www.chinainternetwatch.com/4091/tencents-ceo-pony-ma-ranked-top-on-hurun-it-rich-list/feed/ 4