In the list of universities from which the richest Chinese graduated released by the China University Alumni Association (CUAA) last Thursday, Peking University ranked first with 35 billionaire alumni.

Zhejiang University and Tsinghua University are the No.2 and No.3, with 23 and 22 billionaire alumni respectively.

Billionaires graduated from Peking University includes sports good tycoon Li Ning, the former “gymnastics prince” who lit the Beijing Olympic torch Read more…

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According to a list released yesterday, the fortunes of China’s richest billionaires are shrinking rapidly as hard times hit the country’s stock and property markets.

Appliance and property tycoon Huang Guangyu, a 39-year-old entrepreneur with assets estimated at 43 billion yuan ($6.3 billion) tops the list of China’s 1,000 wealthiest individuals compiled by Shanghai-based analyst Rupert Hoogewerf.

Huang, who controls Read more…

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