Life in the fast lane: “Some of the ‘fuerdai’ have a crush on the life of luxury ... they drive Bentley, Maserati, Porsche and so on”

When news broke online that Wang Sicong, son of Wang Jianlin, China’s richest man, had spent €350,000 in a single night at a karaoke bar in Beijing, (...)

Chelsea’s former Brazilian midfielder Ramires is to join Jiangsu Suning.  Photograph:  Nick Potts/PA Wire.

Transfer deadline day may have been fairly tame in England this year – Pep Guardiola’s bombshell move to Manchester City aside – but in China, the bus(...)

 Jurassic World: made by  US film studio Legendary Entertainment

China has flirted with Hollywood for many years now, keen to turn Tinseltown’s glittering appeal into box office gold as the Chinese film industry exp(...)

Last month Sotheby’s said its preliminary sales for the first half were $3.2 billion, the same total as for the period last year

Sotheby’s, the New York-based auctioneer of art and collectibles, reported a 13 per cent decrease in second- quarter profit that fell below analyst ex(...)

Wang Sicong’s husky Wang Keke wearing two Apple Watches, each worth about $20,000. Photograph: Europics

When pictures appeared online of Wang Keke wearing not one but two gold Apple Watches, the reaction online was always going to be a mix of envy and ou(...)

Retired tennis player Li Na was one of the most popular winners in Shanghai, picking up the exceptional achievement award. Photograph: Feng Li/Getty Images for Laureus

Security was tight around the landmark Grand Theatre building on the north side of People’s Square in downtown Shanghai, as some of the biggest names (...)

Alibaba Group executive chairman Jack Ma:  In the Bloomberg Billionaires list, which updates daily, he is the richest person  in China (and 15th richest in the world), with a net worth of $34.7 billion (€31.36 billion). Photograph: Pichi Chuang/Reuters

Establishing who is the richest person in China is a challenging task, given the dizzying share market movements and the pace with which the country’s(...)

Jack Ma lost $1.4 billion as Alibaba shares slumped by almost 9 per cent. Photograph: Chris Ratcliffe/Bloomberg)

Jack Ma’s fortune dropped $1.4 billion on Thursday, the most among the world’s 400 richest people, as Alibaba Group Holding shares posted a record sl(...)

Hong Kong’s richest man, Li Ka-shing: “the really big tiger of the Chinese real estate sector”. Photograph: EPA/Alex Hofford.

Asia’s richest man, the Hong Kong tycoon Li Ka-shing, once a “superman” to mainland would-be entrepreneurs, is coming under pressure these days from B(...)

Billionaire Li Ka-shing, chairman of Cheung Kong Holdings Ltd and Hutchison Whampoa Ltd

China got substantially richer last year, adding 41 new billionaires over the 12 months for a total of 358, with the property market still the (...)