Hints and tips:
...Yu Minhong, founder of New Oriental Education, has seen the value of his 12 per cent stake in the tutoring company drop from $3bn to just $500m....
...“We will benefit little from the arrival of SOEs,” said Ye Shanshan, a shopkeeper. “They want people with college degrees that few local residents have.”...
...The net worth on paper of Zhong Shanshan, president of Hangzhou-based Nongfu Spring, climbed to $58.7bn, according to Bloomberg estimates....
...In an improbable career spanning mushroom farming, journalism and selling erectile dysfunction pills, Zhong Shanshan says he has learnt the value of hype....
...Zhong Shanshan, Nongfu Spring’s biggest shareholder, enjoyed a multibillion-dollar windfall after the stock closed 54 per cent higher on Tuesday....
...The Hurun China Rich List estimated that Mr Ma had been the country’s richest man as recently as October 20 but would now rank fourth, his top slot taken by a bottled water tycoon, Zhong Shanshan....
...Additional reporting by Gu Yu...
...Additional reporting Gu Yu in Beijing...
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