Once-richest woman becomes biggest loser in China wealth rout
HONG KONG (Oct 19): iPhone and Tesla touchscreens once made her China’s richest woman. The US-China trade war has made her the biggest loser in 2018 among Chinese billionaires.
Zhou Qunfei, the chairman of consumer electronics supplier Lens Technology Co, has lost 66% of her fortune, or US$6.6 billion, this year — the biggest drop in percentage terms among China’s wealthy — according to the Bloomberg Billionaires Index.
Gaming consumers in the United States spent $1.545 billion in October, according to industry-tracking firm The NPD Group. That is up year-over-year, and it’s little surprise considering two of the biggest games of 2018 debuted during the month. “October 2018 tracked spending across video game hardware, software, accessories and game cards grew 73 percent when compared […]