Days before civil trial, Chinese billionaire Richard Liu settles US rape allegation
The civil suit was part of a long-running legal battle between Richard Liu and Liu Jingyao, who was a 21-year-old student in 2018 at University of Michigan when she said Liu raped her after an evening of dinner and drinks.
Oct 03, 2022, 09:10 AM IST
Surprising! Chinese billionaire suffers a loss of Rs 18,365 crore for sharing a poem
Shares of Chinese food delivery giant Meituan slumped further in a sell-off precipitated by the social media posting by its chairman of an ancient poem that was perceived by some as criticising the government and President Xi Jinping. The company, which recently raised $10 billion, has lost $30 billion in market value over two days.
May 11, 2021, 20:48 PM IST
Chinese-backed electric car venture to build first plant in Nevada
Faraday Future, an electric car venture with backing from Chinese billionaire Yeuting Jia, announced plans Thursday to invest $1 billion to build its first manufacturing facility in Las Vegas to make what it touts as "cars of the future."
Dec 11, 2015, 02:42 AM IST
