
DeepSeek’s Liang Wenfeng debuts on the China list at No 7 as AI chipmaker Cambricon’s Chen Tianshi breaks into the top 10.
ByteDance founder Zhang Yiming reclaimed China's richest person title with a US$99.7 billion fortune, driven by AI expansion, according to the Hurun China Rich List.
AI-generated summary
The Hurun China Rich List tracks the wealthiest individuals in China based on net worth assessments.
ByteDance founder Zhang Yiming has reclaimed the title of China’s richest person with a nearly US$100 billion fortune, as artificial intelligence powers a surge in wealth among China’s top entrepreneurs, according to the Hurun Research Institute.
The 43-year-old Zhang, who topped the ranking in 2024, saw his wealth rise 43 per cent to US$99.7 billion – a record for China’s richest individual – as TikTok owner ByteDance aggressively expanded into AI, according to the 28th edition of the Hurun China Rich List released on Tuesday.
The rankings included 1,529 individuals with fortunes exceeding 5 billion yuan (US$750 million) as of September 1, up 6.6 per cent from last year and surpassing the previous peak of 1,460 individuals set in 2021.

The 140th Canton Fair "Into the Industry" exchange meeting pointed out that China's kitchenware exports are transitioning from low-cost competition to green compliance. The European and American markets have put forward higher standards for food safety, repairability and recycled materials, and compliance has become a necessary threshold for companies to enter the international market.

Jiangsu Hengrui Pharmaceuticals reported a 20.55 per cent revenue increase to 8.95 billion yuan for the third quarter, surpassing analyst expectations driven by strong innovative drug sales and out-licensing revenue.

South Korea's per capita gross national income (GNI) is expected to exceed US$40,000 for the first time this year, driven by semiconductor exports and investment. In comparison, Taiwan's revenue exceeded US$40,000 last year, and the Accounting and Accounting Office estimates that it will reach US$46,000 this year and will exceed US$50,000 next year. The gap between the two places continues to widen.

Stocks opened higher despite the holiday, the selling pressure from foreign investors eased and exporters' demand for foreign currency sales caused the New Taiwan dollar to rise from a depreciation in the afternoon, closing at 32.452 yuan, an appreciation of 5.6 cents, with a total trading volume of US$3.436 billion.

The central bank launched the non-bank large-amount redemption swap facility in the bond market on the 26th, aiming to deal with concentrated redemption risks caused by extreme fluctuations in the bond market. This tool provides emergency liquidity through an asset swap model and follows the principle of "rescuing emergencies but not saving the bottom line, saving the market but not institutions" to prevent the spread of systemic risks.

Memory manufacturer Macronix held a legal meeting, and Chairman Wu Minqiu pointed out that the eMMC business has grown astonishingly. Due to limited production capacity, the focus of resources will shift to NAND and eMMC in the future. NOR Flash will focus on niche markets such as data centers, automotive and medical, and is expected to invest 37.8 billion yuan to expand production capacity.