Evergrande founder Hui Ka Yan, once China's richest man, sentenced to life in prison
Hui Ka Yan, the founder of Evergrande and once China's richest man, has been sentenced to life in prison for fraud and bribery.
China
Kenya signs $1.2 billion JKIA deal with China Road and Bridge; government says Chivayo firm did not bid
Chirchir stated that no Chivayo-linked company bid for the JKIA contract, naming China Road and Bridge Corporation as the signatory.
Kenya turns to China for $1.5 billion after Nigerian businessman Tony Elumelu’s $1 billion pledge
Kenya moves ahead with a $1.5 billion highway deal after Tony Elumelu’s $1 billion pledge to support new infrastructure projects.
Rihanna visits Shanghai following Fenty Beauty launch in China earlier this year
In a strategic move to solidify Fenty Beauty’s global dominance, Rihanna expanded the brand into China last month — her net worth sits at $1.4 billion according to Forbes
Kenyan media mogul John Kimani-linked Kakuzi to ship second avocado consignment to China
Kimani owns 32.3 percent of Kakuzi.
Led by Egyptian Khamis family, Oriental Weavers set to withdraw investments from China
Oriental Weavers operates under the leadership of Egyptian businesswoman Yasmine Mohamed Farid Khamis.
Billionaire Johann Rupert’s Richemont sees shares dive 14 percent on fears over China slowdown
Rupert’s net worth fell by $896 million as a result of the 14 percent drop in Richemont shares on Friday.
Johann Rupert’s net worth falls below $10 billion as Richemont shares tumble
The billionaire has lost more than $286 million in a single day.
Elon Musk faces unusual investor lawsuit in March
The investor accuses Musk of violating a 2018 settlement with the SEC.