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CHINA - The New Capitalists
ByteDance founder Zhang Yiming reclaimed the top spot on a list of China’s richest people, driven by his company’s push into artificial intelligence. The number of billionaires based on their net worth in U.S. dollars rose to 1,176, up 155 people—176 more than in the U.S. That was slightly below the 1,185 people in 2021. AI is the biggest single wealth engine on the list: 160 people—one in 10—now make their money from AI, said Rupert Hoogewerf, Huran Report chairman. China s
Arno Froese
4 hours ago2 min read
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