{"id":848983,"date":"2024-08-28T10:34:15","date_gmt":"2024-08-28T05:04:15","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=848983"},"modified":"2024-08-28T10:34:15","modified_gmt":"2024-08-28T05:04:15","slug":"chinas-richest-techie-loses-14-billion-in-one-day","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/28\/chinas-richest-techie-loses-14-billion-in-one-day\/","title":{"rendered":"China&#8217;s richest techie loses $14 billion in one day"},"content":{"rendered":"<p>The founder of the Chinese company PPD Holdings that owns e-commerce platform Temu, Colin Huang, has seen a significant drop in his net worth. Following a decline in PDD&#8217;s shares this week, Huang&#8217;s fortune plummeted by $14.1 billion in a day which was also the the largest one-day loss in his career.<br \/>\nAccording to the Bloomberg Billionaires Index, this decline has pushed Huang from the top spot to the fourth-wealthiest person in China, with a net worth of $35.2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The founder of the Chinese company PPD Holdings that owns e-commerce platform Temu, Colin Huang, has seen a significant drop in his net worth. Following a decline in PDD&#8217;s shares this week, Huang&#8217;s fortune plummeted by $14.1 billion in a day which was also the the largest one-day loss in his career. According to the Bloomberg Billionaires Index, this decline has pushed Huang from the top spot to the fourth-wealthiest person in China, with a net worth of $35.2 billion.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-848983","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/848983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=848983"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/848983\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=848983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=848983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=848983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}