Chinese Tycoons, CEOs & Tuhao

New term of the day “Parachute Kids”

Tuhao, fuerdai, parachute kids…I should just change this thread title to “New Chinese Terminology” :wink:

Sentenced to prison for assault, teenage ‘parachute kids’ deliver warning to adults in China


Yunyao Zhai steps into court for sentencing hearing. Zhai is one of three high school students from China that were sentenced for their roles in the kidnapping and assault of another Chinese teenager. Yunyao “Helen” Zhai was sentenced to 13 years in prison. (Irfan Khan / Los Angeles Times)
Cindy Chang

Xinlei “John” Zhang was 15 when he moved to Southern California to get an American education.

He lived in a private boarding house for teens like himself, so-called “parachute kids” studying at U.S. high schools while their parents stayed behind in China. He fell in with the wrong crowd.

On Wednesday, Zhang, now 19, was sentenced to six years in prison for his role in brutal gang attacks against two fellow parachute kids.

Two other students from China stripped one victim naked, kicked her with high-heeled shoes, slapped her and burned her with cigarettes. They were sentenced to 10 years and 13 years, under a plea agreement with prosecutors that was approved by Los Angeles County Superior Court Judge Thomas C. Falls.

In statements Wednesday, the defendants and their families urged Chinese parents to think carefully before sending their children to the U.S without supervision. The case has attracted widespread attention in China, where studying abroad at increasingly young ages has become fashionable among the middle-class as well as the rich.

At Wednesday’s hearing, Falls struggled to control the mass of reporters and photographers — mostly from Chinese-language media — seeking to document the proceedings.

Falls did not comment on the case, but at an earlier hearing, he said it reminded him of “Lord of the Flies,” William Golding’s 1954 novel about boys stranded on a deserted island without grownups.

“This is a wakeup call for the ‘parachute kid syndrome,’” said one defendant, Yuhan “Coco” Yang, in a statement read to the judge by her attorney. “Parents in China are well-meaning and send their kids thousands of miles away with no supervision and too much freedom. That is a formula for disaster.”

Yang, 19, shielded her face from the cameras with her long, straight hair as her attorney spoke. She received a 10-year sentence for kidnapping and assault, as well as inflicting great bodily injury, in a March 30, 2015, attack in a Rowland Heights park against a then-18-year-old girl who was also from China.

The three defendants, who have been in county jail for almost a year since the attacks, will receive credit for time served. They each pleaded no contest to the charges before Falls sentenced them to the terms agreed upon in the deal with prosecutors.

In their statements, each apologized to the victims. Assistant Dist. Atty. Casey Jarvis said he spoke at length to one victim, who said she forgave her attacker.

“She’s a happy person, and that was taken from her repeatedly. But somehow, she was able to find forgiveness,” Jarvis told the judge.

Zhang received a lighter sentence than the two women because of his lesser role, the judge said.

According to preliminary hearing testimony, Zhang was present during the assaults but did not directly participate other than fetching a pair of scissors that the others used to cut off the victim’s hair in the March 30 attack. They then forced her to eat the hair.

In juvenile court, two other teenagers have admitted to assault in one or both incidents. Authorities believe that additional teens involved in the incidents have fled the country.

A 20-year-old man, Zheng Lu, was arrested in December on charges related to the attacks.

Yunyao “Helen” Zhai, 19, avoided the cameras by putting some papers over her face as her attorney read a statement she had written in jail. Accused by the other defendants of being the ringleader, she was sentenced to 13 years for kidnapping and assault in two attacks and inflicting great bodily injury in one of the attacks.

She is not a bad person, she wrote, but she realizes that she has attracted worldwide opprobrium for her actions.

“I’ve heard that I’m hated here and in China, and I probably deserve to be viewed that way,” the statement said.

Living alone in Southern California, she got caught up in a culture of materialism — the latest iPhone and pretty dress — but she now realizes she “owes everything” to her parents, she wrote.

“They sent me to the U.S. for a better life and a fuller education,” Zhai said in the statement.

“Along with that came a lot of freedom, in fact too much freedom … Here, I became lonely and lost. I didn’t tell my parents because I didn’t want them to worry about me.”

Outside the courtroom before the sentencing hearing, Zhang’s father spoke to reporters in Mandarin.

He and his wife have traveled from the southern Chinese city of Shenzhen more than a half-dozen times for their son’s court appearances, even though they don’t speak English and can’t understand the proceedings.

The elder Zhang, who would not give his first name, grew up in Anhui Province and moved to Shenzhen as a young man, first working as a laborer and eventually starting a small manufacturing business.

He thought that sending his son to the U.S. would be a step up for the next generation. Through a middleman, he arranged for a “homestay” with a Mexican American family — about $1,500 a month for room and board.


Xinlei “John” Zhang was sentenced to six years for his role in the in the kidnapping and assault of another Chinese teenager. (Irfan Khan / Los Angeles Times)

The son first attended a Christian high school before transferring to Oxford School, a cluster of portable classrooms tucked away in the back of a Rowland Heights strip mall. The athletic facilities are minimal: three worn basketball hoops, a volleyball net and a soccer goal on a small patch of parched grass.

For about $13,000 a year, the teenager took classes with other international students, mostly from China. Since all his friends were Chinese, he didn’t pick up much English, his father said.

The elder Zhang cautioned Chinese parents not to send their children abroad at such a young age.

“If he’d never left my side, that would have been better,” Zhang said.

cindy.chang@latimes.com

Communism shaped by capitalism

These Are the Super-Rich People Shaping China
COMMENTARY by Matthias Stepan, Lea Shih MARCH 3, 2016, 8:00 PM EST


Jack Ma, founder and chairman of Alibaba
Photograph by ChinaFotoPress via Getty Images

In this Communist state, it was rare to see private entrepreneurs influence public policies.

At the annual meeting of the National People’s Congress that begins Saturday, one group clearly stands out – the 114 of the nearly 3,000 delegates of the National People’s Congress (NPC) that are on the Hurun list of richest Chinese. China’s richest people account for close to 4% of the members of the body that officially acts as China’s national legislature. This high level of representation is at least somewhat ironic in a nation that still follows Communist doctrine.

But in a departure from the past, China’s most successful — and obviously well connected — private entrepreneurs aren’t just there for the prestige or to show off. They want to influence policymaking.

As things stand, for the first time in the history of the People’s Republic, private entrepreneurs are actively involved in the preparation of a five-year plan. That is a remarkable vote of confidence by the country’s leadership in the importance of the private sector — and at the same time an important admission on the part of the government. The basic message is this: We need you because you have a head start!

This is an important development, even though Xi Jinping’s core focus in his reform policies clearly rests on strengthening increasingly feeble state owned enterprises, giving them preferred access to capital and urging them to undertake mega-mergers.

However, the privately owned companies operating in China’s advanced services and technology sectors realize that their hand has been strengthened greatly. They know that they are China’s main engines of growth in a period of economic transition, which gives them considerable power.

Consider the case of the founder of the IT company Tencent, Pony Ma, who has an estimated fortune of $18.8 billion. Ahead of last year’s annual meeting of the National People’s Congress, the 44-year-old wrote an open letter demanding a national strategy for China to advance the digitization of the economy. A few days later, Prime Minister Li Keqiang, as part of his report on the government’s plans and activities, announced the launch of an “Internet Plus” strategy.

Insiders immediately realized who had coined that term. It was none other than Pony Ma, who had started to use that phrase beginning in 2013, based on the concepts developed by his company’s own research institute. Even though Ma is not a member of the CPC, the “paternity” of the “Internet Plus” is undeniable. Officially, of course, his company denied any involvement in the government report.

When the National People’s Congress will pass the new five-year plan in the upcoming session, it will likely also feature the recommendations of Jack Ma’s private think tank, Ali Research, to promote Big Data as an important source of economic growth. Jack Ma, 52, is the second richest Chinese and head of the Internet company Alibaba BABA 2.03% . As is the case with Tencent, he established a private think tank, in 2007, to develop relevant policy recommendations.

While both of these think tanks were primarily established to deal with issues of Internet governance and legislation on issues of the Internet, their activities also much include broader matters of economic and industrial policy. Other entrepreneurs have been following in the two Mas footsteps. Lei Jun, the 46-year-old founder of Xiaomi, the successful smartphone maker, recently advocated for a revision of China’s Company Law.

Meanwhile, the 47-year-old multi-billionaire Robin Li turn, CEO of Baidu, the web services company, is suggesting the creation of a national platform for artificial intelligence research to the National People’s Congress. And Fosun, the largest privately owned conglomerate and investment company in China, presented a national development strategy for healthcare in advance of this year’s NPC session.

To date, Chinese private entrepreneurs are not an autonomously organized group that challenges the primacy of China’s Communist Party. But they are nevertheless gaining considerable influence. Their technological know-how is very much in demand, as are their state-of-the-art business models and strategies. This provides them with a lot of clout vis-à-vis the government and Communist Party policymakers in general. Not least for that reason, the number of private research institutes has continued to rise ever since Xi Jinping took office. Although these new outfits have less direct access to decision makers than pro-government think tanks, they are much better equipped financially and also better connected globally.

Reflecting the top entrepreneurs’ rise in the Chinese political landscape, President Xi Jinping increasingly takes them along on his trips abroad, both to showcase their (and hence China’s) success and to provide these private entrepreneurs with more global growth opportunities.

Xi is keenly aware that these top companies’ and entrepreneurs’ continued success at home and abroad will be a critical factor in determining whether or not the economic transformation strategy which the leadership has launched will succeed.

Many IT entrepreneurs also appreciate their government’s political support for global expansion. The Communist Party “China Dream” evidently also includes more internationally successful company modeled after Alibaba.

How far will this process of mutual enchantment between the CPC leadership and the Internet entrepreneurs go? Alibaba founder Jack Ma probably put it best, when he said at the World Economic Forum in Davos in 2015: “We want to enchant the government, but we don’t want to marry it.”

Matthias Stepan is head of Chinese Domestic Politics Program at the Mercator Institute for China Studies (MERICS) in Berlin, Germany. Lea Shih is a research associate at MERICS.

More on Jack Ma in our Jet-Li-s-TaijiZen-International-Cultural-Development-Company thread.

a two-fer for today

These Are China’s Youngest Billionaires China Tech
March 2, 2016


After inheriting a fortune from her father, the 19-year-old Alexandra Andresen has been named the youngest billionaire on the globe by the Forbes World’s Billionaire List. Forbes has got Weibo talking about money. The teenage girl Alexandra Andresen from Norway is worth an estimated 1.2 billion US$ according to the Forbes billionaires list. The young rich woman became trending on China’s social media site Sina Weibo under the title of ’19-year-old girl becomes world’s youngest multi-millioniare’ (19). In light of this news, What’s on Weibo explores who the richest ‘kids’ of mainland China are: a top 10 of China’s youngest billionaires, according to Forbes’ World’s Billionaires.

No. 1 – Wang Han (, 28 years old):

At just 28 years, Wang Han became one of the world’s youngest billionaires – he is number 7 in the international top 10. Wang became a billionaire after inheriting shares in regional airline Juneyao Air () from his late father Wang Junyao (), who was the founder. According to Forbes, Wang Han owns 27% of the airline and 14% of department store Wuxi Commercial Mansion Grand Orient (). The Juneyao Group also has businesses in the education and food sector. They are also active on social media; Juneyao also has a rather large fanbase on its Weibo account.

No. 2 – Wang Yue (, 32 years old): 1.1 billion US$

Wang Yue is a newcomer to the list of the world’s youngest billionaires, according to Forbes 2016. He is called China’s “web game billionaire”. Wang earned a fortune being an online and mobile game entrepreneur. He is the CEO of Shanghai Kingnet Technology (), better known as Kingnet ().

No. 3 – Cheng Wei (, 33 years old): 1 billion US$

Cheng Wei (, 1983) is CEO of China’s Uber rival Didi Kuaidi (), a transportation company which was formed in early 2015 as a merge of Cheng’s company Didi Dache and Alibaba’s Kuaidi Dache. Previous to starting his own company, Cheng worked for Alibaba for 8 years and became vice president for Alibaba’s online payment service Alipay. Cheng has a verified Weibo account, but he has not posted much since his rise to fame.

No. 4 – Yang Huiyan (, 34 years old): 4.9 billion US$

Born in 1981, Yang Huiyan from Guangdong’s Foshan is one of the world’s richest women. She became the largest shareholder of real estate developer Country Garden Holdings () after her father transferred his holdings to her when she was just 25 years old (also see the featured image). According to its official website, Country Gardens is “a company constantly fighting for the development of a harmonious society.”

No. 5 – Frank Wang Tao (, 35 years old): 3.6 billion US$

Wang Tao, also known in English as Frank Tao or Frank Wang, is the founder and CEO of Shenzhen-based DJI, the world’s largest supplier of civilian drones. Forbes describes him as “the world’s first drone billionaire”. Headquartered in China’s “Silicon Valley” Shenzhen, DJI started as a single small office in 2006, and has now turned into to a global workforce of over 3,000. Their offices can be found in the United States, Germany, the Netherlands, Japan, Beijing and Hong Kong (dji.com).

continued next post

Continued from previous post

No. 6 Zhang Bangxin (, 35 years old): 1.01 billion US$

Who ever thought after school tutoring could make you rich? Zhang Bangxin (1980) is the cofounder, chairman and CEO of the Beijing-based educational tutoring firm TAL Education Group (). The company has been around since 2003, and it provides after-school tutoring for pupils from kindergarten to 12th grade at over 500 locations throughout China. Zhang is also an official Weibo microblogger, but, like his fellow billionaires in this list, he might be too busy making money to actually post on social media.

No. 7 Cai Xiaoru (, 36 years): 1.2 billion US$

Cai Xiaoru is chairman of Tatwah Smartech (), a company that is specialized in the research, development, manufacture and distribution of radio frequency identification (RFID). The company produces, amongst others, non-contact IC cards and electronic labels. Cai became a billionaire in mid-2015, following the fast-growing stock price of Tatwah Smartech.

No. 8 Li Weiwei ( aka , 37 years): 1.3 billion US$

For Li Weiwei, it is all work and all play. The young entrepreneur, who was born in Chengdu city, is the vice chairman of online game company Wuhu Shunrong Sanqi Interactive Entertainment Network Technology (). The company is better known under the name of 37wan, a platform that offers high-quality game products. Li Weiwei is also known as Li Yifei ().

No. 9 Zhou Yahui (, 39 years): 2 billion US$

Another billionaire who got rich through the gaming industry is Zhou Yahui (1977) the CEO of Beijing Kunlun Tech (). Kunlun Tech is one of Chinas biggest web game developers and operators. In January of 2016, NY Times reported that the company paid $93 million for a 60% stake of Grindr, the largest social networking app for gay men in the world. With over 2 million daily users in 196 countries, the app has proven to be a good investment for Zhou.

No. 10 Wu Gang (, 39 years old): 1.3 billion US$

Wu Gang is co-founder and CEO of money management company Beijing Tongchuang Jiuding Investment Management (), better known as JDcapital (), a leading investment firm with deep roots in equity investment and management, as it describes itself.

On Weibo, some netizens have asked Norwegian billionaire Alexandra Andresen to come and visit China. With so many other billionaires, the young heiress will certainly have no reason to feel lonely at the top in China.

By Manya Koetse

Sources: *163 (2015): http://news.163.com/15/1104/14/B7J6UOEO00014AED.html *Jiangsu.China.com (2015): http://jiangsu.china.com.cn/html/jsnews/gnxw/2758273_2.html *Forbes.com (various pages, see in-text links) and the China Rich List sorted by age. Images: Featured: Yang Huiyan (http://blog.sina.com.cn) http://www.ittime.com.cn/news/news_10433.shtml http://www.eeyy.com/jinjing/2014/ http://uk.china-info24.com/british/tic/ht/20150729/200775.html http://baike.baidu.com/view/880927.htm http://startupbeat.hkej.com/?author=12 http://www.cyzone.cn/a/20131114/247015.html http://money.163.com/15/1216/07/BAULIVAD00252G50.html http://www.laonanren.com/news/2015-11/104275.htm http://www.forbes.com/profile/zhou-yahui-1/ http://www.gsm.pku.edu.cn

The guys all look a little nerdy. The two gals look hot, as in billionairess hot. :wink:

2.5 million RMB in a single night

That’s the price of my house. :o

Wang Sicong at it again, China’s richest son blows 2.5 million RMB at KTV in single night

Everyone’s favorite fuerdai appears to be up to his usual shenanigans, he was spotted at a Beijing KTV recently blowing more money in a single night than many in China will see in their entire lives.

Six receipts from Wang Sicong’s presumably epic night on the town have been published online. Five of the bills are for 200,000 RMB, while the sixth is for 1.5 million RMB, meaning he managed to spend a grand total of 2.5 million RMB ($385,000).


This is actually considerably more than his last publicized night out where he spent just 200,000 RMB on Halloween night at a Sanlitun club.
This might be because his father, Wang Jianlin, China’s richest man, is worth a heck of lot more than he used to be. The Wanda CEO recently saw his fortune jump up by more than 50% to $34.4 billion. He’s also been throwing his money around, buying a £80 million property on London’s billionaire row as well as a Hollywood Film Studio. Though, as an acclaimed “karaoke king” himself, we can assume that Wang is fine with how his son blows his money.

Wang Sicong has become infamous in China for the ludicrous ways in which he spends his father’s fortune. Last May, he outraged netizens by posting pictures to his dog’s Weibo account of the animal sporting no less than two Apple watches worth 126,000 RMB piece. Earlier that year, he hired out an entire resort in Sanya to celebrate his birthday, and even splurged on inviting T-ara, one of his top 5 favorite Korean girl bands, to put on a private gig for him and his guests. He’s also the proud owner of a £50 million private equity firm focusing on computer gaming and was one of the groomsmen at Angelababy and Huang Xiaoming’s fairytale wedding held in Shanghai last year.
Netizens have reacted to this latest spending spree with a familiar mixture of awe and cynicism:
“With the money he blew in one night, you could buy an apartment,” one bewildered netizen wrote.
“That is so tuhao!” commented another web user.
“This is just another average day for a fuerdai,” wrote another netizen.
In case you are curious what else 2.5 million RMB can buy these days. It’s the kind of money that a flight crew gets for foiling an arson attack, and nearly enough to build your very own Mega Mao.


[Images via Sina]
Contact the author of this article or email tips@shanghaiist.com with further questions, comments or tips.
By Alex Linder in News on Mar 17, 2016 11:59 PM

He may be ‘China’s richest son’, but all that money doesn’t change the fact that he’s still a total doofus.

robot servants

And Apple watches for his dog. FTW!

Tuhao goes shopping for jewelry with 8 robotic maids

In case people around him were having any doubts about his incredible wealth, one tuhao went shopping at a Guangzhou mall last week escorted by eight robot servants.
And on the off chance that anyone ever doubted the incredible size of his wallet again, photos were taken for the occasion, showing the guy – flanked by his squadron of robotic maids – picking out some jewelry. So that he wouldn’t get exhausted, his servants carried his bags, coat, towel and water on trays. Fortunately, the entrance to the mall was not a revolving door.

Naive netizens were shocked by this latest ostentatious display of wealth. Some wondered if Wang Sicong, tuhao supreme, son of China’s richest man, could even pull this kind of thing off. Probably not, he’s too busy running up tabs at clubs and buying his dog Apple watches.

However, perhaps this wasn’t such a costly operation after all. Earlier this month, the Guangzhou robot population suffered a round of mass firings from their jobs as waiters after they were found to be totally incompetent. Maybe these unemployed machines are looking for work where they can get it.

A brave new world.
[Images via Toutiao]

Contact the author of this article or email tips@shanghaiist.com with further questions, comments or tips.
By Alex Linder in News on Apr 19, 2016 7:40 PM

Wendy Yu

Sorta random but it had a sword in it. :wink:

Chinese heiress reveals how she lavishes thousands on the London season in a bid to be accepted by English high society - and impress her billionaire father

Wendy Yu, 25, who was born in Zhejiang province but now lives in London
She has been to finishing school to learn how to be an English Lady
Spent thousands to be presented at prestigious Queen Charlotte’s Ball

By LUCY WATERLOW FOR MAILONLINE
PUBLISHED: 12:28 EST, 3 May 2016 | UPDATED: 07:24 EST, 4 May 2016

The daughter of a Chinese billionaire says she does not want to be seen as a garish pampered princess so is modelling herself on a refined English Lady.
Wendy Yu, 25, who was born in Zhejiang province but now lives in London, has been to finishing school to learn how to walk, talk and dress like an aristocrat.
After learning all about etiquette at the London Season Academy, she spent thousands to be presented as a debutante at the prestigious Queen Charlotte’s Ball last year.


Wendy Yu, 25, is the heiress to her father’s fortune. He has become one of China’s richest men thanks to his door manufacturer business which he built up from scratch


Wendy attended the London Season Academy, wearing a ball gown designed by Emma Victoria Payne Bridalwear, so she could be presented as a debutante at the prestigious Queen Charlotte’s Ball last year at Kensington Palace

The Kensington Palace event is renowned as the pinnacle occasion in the London Season, which is rich in history and was formed over two hundred years ago when the custom of returning to London at the end of the hunting season was celebrated with glittering balls and high society parties.
King George III introduced the Queen Charlotte’s Ball in 1780 to celebrate his wife’s birthday and debutantes were traditionally presented to the King or Queen until 1958.
Today, with tables starting at £2,500 and run by a partnership of corporate sponsors and companies, attendance is strictly for with deep pockets, with many traditionalists bemoaning the loss of the balls genteel and refined roots.
The young ladies continue to be ‘presented’ in the traditional way wearing cream silks and lace dresses and bedecked in jewels. But now their place will have been purchased, rather than given as a birth right.


Wendy is pictured at the back on the far left at last year’s Queen Charlotte’s Ball where a quarter of the debutantes were Chinese


Young ladies continue to be ‘presented’ in the traditional way wearing cream silks and lace dresses, pictured, but now their place will have been purchased, rather than given as a birth right


German tennis ace Boris Becker’s daughter was presented at last year’s ball

As a result many, like Wendy, are the daughters of foreign billionaires. A quarter of the girls presented at the last ball were from China’s richest families, while German tennis ace Boris Becker’s daughter also took part.
London Season organisers Patrica Woodall and Jennie Hallam-Peel say the Chinese love to be part of the events as ‘they love going to stately homes and mixing with aristocracy. They are very interested in the royal family, this is something they don’t have.’
Wendy also tried to emulate something of the season at her recent birthday party, wearing an Oscar de La Renta dress and hiring a room at The Ritz. She even had a giant white cake to rival the traditional Queen Charlotte Cake cut at the ball.
For Wendy, the UK has been alluring from a young age and she moved here aged 15 to attend a boarding school in Taunton and then went on to study at the London College of Fashion.
She loves the English way of life and was keen to learn about high society as she wants to present herself ‘in the right way’ to people in her home country - where her family’s wealth has made her a celebrity.


Wendy is keen to carry on her father’s success. ‘I have a huge responsibility in terms of family heritage as I am an only child I want to be a good daughter,’ she said


The heiress has 62.2k followers on Instagram where she shares glamorous pictures of herself and news on her businesses

At her finishing school she was taught how to walk with poise, how to wear a tiara and how to curtsy.
‘I was very lucky my father was already successful. I only want to present myself in the right way,’ she said on Channel 4 documentary Britain’s Billionaire Immigrants.
‘Everybody born in those circumstances could be spoiled and waste their privilege but I am looking to make a more positive social impact and do more meaningful things.’
Wendy works hard to ensure she always gives the image of being an elegant, hardworking heiress.
Her 62.2k followers on Instagram see pictures of her in designer gowns that she had posted only after her personal make up artist has done her make-up.
She lives in a luxury apartment in Knightsbridge where she keeps a ‘priceless’ collection of designer Barbies.
Her father made his fortune as a door manufacturer after being born into poverty.
Wendy said: ‘My father started his company 26 years ago and now we have more than a thousand retailing stores in China and 4,000 employees, we are biggest wooden door manufacturer in Asia.’
Rather than rest on her laurels and spend her father’s money, Wendy said she is keen to establish herself as a businesswoman in her own right.
She has founded a firm called Yu Capital and has made major investments, including a stake in a Chinese taxi app similar to Uber.


For her 25th birthday party Wendy hired a room at The Ritz and wore an Oscar De La Renta gown


Wendy lives in London and says she loves the British way of life

She said she feels under pressure to ensure her father’s success continues.
‘I have a huge responsibility in terms of family heritage as I am an only child I want to be a good daughter,’ she said.
But she adds that her drive is also due to a need to impress her parents - even though they give her little encouragement when she succeeds.
‘In China the parents have high standards, from a young age we are taught to work hard,’ she explains.
‘I think there is a difference between English parents and Chinese parents. Though they are proud of you at heart they would never express it. They encourage you to achieve more and do more rather than say “you are great”.’
Even after she made a good impression at the Queen Charlotte’s Ball - an event which she said ‘would be the most significant ceremony of my life apart from my wedding’ - she said they weren’t overtly proud of her.
Instead she said: '‘I think they are proud of their country and what China has achieved today.’

Crazy Rich Asians

Jon M. Chu in Talks to Direct ‘Crazy Rich Asians’ (Exclusive)
8:19 AM PDT 5/4/2016 by Rebecca Ford and Borys Kit


Jon M Chu
Getty Images

The adaptation of Kevin Kwan’s 2013 book centers on a group of Chinese families preparing for a large wedding in Singapore.

Ahead of the release of his latest film Now You See Me 2, Jon M. Chu is in talks to direct Crazy Rich Asians.

Color Force and Ivanhoe Pictures are developing the adaptation of Kevin Kwan’s 2013 book, which centers on a group of wealthy Chinese families. When the heir to one of the most massive fortunes in Asia brings his American-born Chinese girlfriend to Singapore for a wedding, the gossip, backstabbing and scheming reaches a fever pitch among the three super-rich families.

Nina Jacobson, Brad Simpson and John Penotti are producing while Kwan will executive produce. Pete Chiarelli (The Proposal) wrote the script.

Color Force nabbed the film rights to Kwan’s debut novel in 2013. The project will feature a predominantly Asian and Asian-American cast, and comes at a time when there’s been uproar over some recent adaptations that have recast Asian roles with Caucasian actors (such as Scarlett Johansson in The Ghost in the Shell.)

Crazy Rich Asians, a personal, character-driven story about family and culture, is an interesting next step for Chu who has built up a successful career with several big spectacle films, like his latest, the magic-heist sequel Now You See Me 2, which hits theaters June 10.

The helmer, who is Asian-American, has bounced between music-inspired projects and big actions films, previously directing 2015’s Jem and the Holograms, Justin Bieber’s Believe and G.I. Joe: Retaliation. Repped by WME and Principato Young, Chu is also attached to direct and produce Paramount’s action-adventure project Escape.

That would be really funny if this was re-cast with Scar-Jo and Tilda. :stuck_out_tongue:

More on Ultra Rich Asian Girls of Vancouver

Chanel, Champagne, Homicide Charges: Vancouver’s ‘Ultra Rich Asian Girls’ Sees Real Drama On Screen and Off
Jessica Rapp @jrapppp September 1, 2016


Diana and Chelsea in a still from Ultra Rich Asian Girls. (Courtesy Photo)

When Kevin Li first launched his Canadian web series Ultra Rich Asian Girls of Vancouver, the public’s simultaneous disapproval of and fascination with the fuerdai, or Chinese second-generation wealthy, was widespread. Now, Li is working on his fourth season, and already, much has changed. Since Jing Daily last spoke to Li when the first season aired in 2014, one character launched her men’s underwear line. Another had a baby. And one of the characters from Season 1, Florence Zhao, left the show. Her father was charged in 2015 with second-degree murder after allegedly dismembering Florence’s mother’s millionaire cousin in their Vancouver home for money.

But perhaps most notable is the possibility that the show could go mainstream as Li is in talks with an unnamed U.S. company seeking to co-produce the show for the American market. Currently, the show streams online for free on Youtube, Youku, and Tencent channels. While viewership spans foremost Canada and the United States, followed by Taiwan, Macau, Malaysia, Singapore, the United Kingdom, and Australia, Chinese viewership has been on the rise. Li says the show’s Weibo account “goes up by the hundreds everyday,” and meanwhile, Western media has tried to dissect the phenomenon to find out exactly what it really means to be a fuerdai in North America.

“When I released the teaser for it a couple years ago, the local media picked up on it and they thought it was a joke at first,” Li says. “They asked, is this a parody? I was like no, this is for real.” Ultra Rich Asian Girls stars four wealthy Chinese millennials, now Pam, Chelsea, Diana, and Joy, who spend their days shopping at luxury boutiques, getting facials, and drinking Champagne. Like many reality shows, the action cuts to confessionals from each of the characters, most of which are petty jabs and catty remarks.

But outside the show, there has been even bigger drama. After Florence, or “Flo Z” left last year, there were questions about whether she was actually rich. According to media reports, Florence and her family were being financially supported by the murder victim, Gang Yuan, and the lawyer for Yuan’s family accused her of lying about owning his home and his Rolls Royce.


The cast of Ultra Rich Asian Girls of Vancouver. (Courtesy Photo)

Li says his primary goal has always been to avoid depicting a cast of irresponsible fuerdai. His cast members have college degrees, three from the University of British Columbia, one graduating with honors in math, another making progress in fashion marketing. One even has a small business that is steadily gaining Weibo followers thanks to promotion on the show. “These girls are an excellent example of how to be responsible and have money, but you still have to pursue your own dreams and careers,” he says.

Jing Daily caught up with Li once again to find out where the series has headed, whether Florence has any chance of returning to Season 4, and how luxury brands are getting their cut.

What has been the response like for the show since it began?

For the past three months, there has been a lot of worldwide interest from media in the United States, including The New York Times, The New Yorker, Al Jazeera, as well as Dateline Australia. It’s really taking on a lot more media attention than I really expected when I first started. People are very, very interested in this particular demographic. Economically, China is doing a lot these days, and people are getting more and more curious.

What have the media been saying about the show?

As for many of the production companies, they’ve been wanting to do something like this, but they don’t know how and they don’t know where to start. They don’t even know where to find the talent. Especially when it comes to the North American production companies, they are predominately Caucasian and very few times have they ever tried to call for something that is more multicultural. In the past year or so, they’ve seen the response the show has generated, that even though the girls are speaking in Mandarin, this is actually worth something, so let’s see what we can do. That’s the general curiosity that I get from the production companies. “

When you originally started this show, were you aiming at one particular audience versus another?

It was mainly for the Chinese audience because number one, if we look at it like a business, a lot of the Hollywood films are actually going to China because people there still consume movies in the traditional sense by going to the theater. What are they talking about now? They are talking about wealth and the money. And what was my favorite show growing up? Lifestyles of the Rich and Famous. So it was these different elements that came together that made me decide I wanted a Chinese audience.

In Vancouver, in particular, there has been a lot of backlash regarding wealthy Chinese coming from the mainland and driving up property values. Do you feel that has been affecting how people react to your show?

I remember when the Paris Hilton and Nicole Richie show came out, The Simple Life, people were like, ‘These rich girls are doing all these things and never heard of Walmart. Oh my God, I can’t believe it. Walmart, right?’ But people still watched it. It was hugely popular. Like, no one would look at these two girls and say these two are driving up property prices, you know, around the area.

There’s many factors to Vancouver’s housing prices, and only 3 percent of British Columbia buyers are foreign Chinese. So there are a lot of misconceptions within the local public on how much Chinese wealth is. The biggest problem I see, as a Chinese kid growing up in Vancouver, is that people locally still see Chinese, including myself, as foreign. So when they see a guy like me go out and buy a house, they would assume too that I’m China-Chinese.

continued next post

Continued from previous post


The cast of Ultra Rich Asian Girls of Vancouver. (Courtesy Photo)

What do you hope people get out of the show other than entertainment?

Of course, number one is entertainment. And number two, I’ve always had a huge interest in Chinese-Canadian history and Chinese-Canadian culture. And within the show, you’ll see as such in the second episode of Season 1 when the girls go to Victoria’s Chinatown, which is Canada’s oldest Chinatown. They learn about the different Chinese pioneers that were here 140 years ago. So I use the show as a platform to share what I’m passionate about.

Of course, the title is provocative. That’s what it’s meant to do. But when you watch the show, you’ll actually learn these girls are actually very human, just like everyone else. They have their own vulnerabilities, and they have their own insecurities. They are also discovering what it is like growing up and living life in Vancouver. That’s what I hope people will take away from watching the show, beginning to end.

How do you go about planning a season? How much of it is pre-planned?

I would say that it is about 80 percent. The only reason for this is because the show is driven by sponsorships, so we have to be at certain places, like the mall. Do they go to those malls? Of course they go to those malls. But do they jump around and take all those selfies? Maybe not, right? But everything they say comes from their own mouth and their own mind. I came from a documentary and news background; I’ve been doing it for 18 years before doing Ultra Rich Asian Girls, and this is all I know how to do.

How do you go about choosing brands to sponsor you?

They are coming to me. A lot of companies these days see the value in the Chinese economy. So if you have a business here, especially in Vancouver, you are basically looking for that market, those who are spending frivolously, buying up stuff, eating $200 meals—and that’s just on the cheap end—and buying handbags. So if they don’t know how to advertise, they see the show as a way to reach their audience, not just here, but also in Asia as well because of social media.

How do you go about finding the cast for the show?

What’s important for me is that the show on the whole is entertaining, but there is a secondary message to it. The girls I find have to have a good story. They want to start their own business, they have a mind of their own, and they know what they want. It’s not just a girl who happens to be rich and pretty. Of course, that helps. What really tells a story is that they want to do their own business and exploring what that is like. It’s giving a different way for people to see the fuerdai. In the community, the fuerdai has had a really, really bad reputation in the past little while, with all the news reporting about the crashed Lamborghinis, Ferraris, whatever. But, there’s rich kids in Canada, and they’re called the trust fund kids. There’s a lot of trust fund kids who blow their money on cocaine and partying. But, they don’t get such a bad rap. There are also trust fund kids that go on to become lawyers, stockbrokers, and things like that. And this is just another way for people to get an inside look on this particular demographic.”

There have been numerous media reports about Florence leaving the show because her father was accused of murdering her mother’s cousin. What has happened since then? Is she coming back?

Yeah, it was very, very unfortunate. She was of course in Season 1 when that happened. She was very great for the show. She had a lot of charisma, and she had a lot of personality. She was starting her own activewear line and all this stuff. Things like that unfortunately happen, and the case is for the courts. We would love to see her come back, but she has to get this part figured out first before considering everything else. Right now her time is focused with her mom and family.


Florence Zhao (C) takes a selfie in a shot from Season One. (Courtesy Photo)

Did that mean a change in how you vet people for the show? When you found Florence, did you think she was as rich as she said she was?

She actually is rich in a sense, where she has more than most. As far as I understood it, she and her family settled in Canada first before her uncle. So that vetting process is fine. There are a lot of rumors out there accusing her of this and that, that are unfounded. So in terms of people saying “she’s not rich,” those are unfounded rumors.

What was the vetting process like for the four girls you have as your cast now?

Again, the number one most important thing is that these girls have a good story to share. They have to have a great education and are trying to figure out their lives. That’s the fun part—figuring things out. If they knew everything already, it’s not fun anymore, in my entertainment sense. Number two is of course they have to have wealth as it goes along with the name. We look at where they go party, where they like to eat, where they like to travel, what they carry, what their favorite brands are. That’s how we go about it. I mean, do I go look at their bank accounts? That’s not my business—I don’t need to look at that. All of that shows through their everyday life. The details will show how affluent they are, and that’s how we go about it. Do they have more than most? I would have to say they would have to have more than many. That’s what’s important.

Do you ever plan on filming the show in the Chinese mainland?

I would love to do that because I think China has a lot to offer. There’s a lot of fear and loathing outside of China, especially about China wealth and the “big Communist regime” that might be taking over North America and everything else. You’re from the United States and you’re living in China, and I think it’s very different from what people assume that to be. I would love to take the show to China to show a different perspective.

This interview was edited and condensed.

Has anyone here watched this show?

Wang Sicong

The son of a Chinese billionaire bought his dog eight iPhone 7s
By James Griffiths, CNN
Updated 3:58 AM ET, Tue September 20, 2016


Coco the Alaskan malamute poses with her iPhone 7 handsets.

Story highlights
Wang Sicong is the son of Wang Jianlin, one of China’s richest men
The younger Wang is notorious for his ostentatious displays of wealth
Hong Kong (CNN)Apple fans lined up across China last week to get their hands on the latest iPhone, while others tried to smuggle handsets in from Hong Kong.
But one iPhone user didn’t have to worry: Coco the Alaskan malamute.
Coco’s owner Wang Sicong, son of Chinese billionaire Wang Jianlin (estimated worth $30 billion), bought her eight iPhone 7 handsets on the day of their release, according to photos posted on the dog’s verified Weibo social media account – China’s equivalent of Twitter.


Coco poses with her black and rose gold iPhone 7 handsets.

“I don’t understand all the show-off posts on (social media),” read the post alongside the photos.
“What’s the point? Don’t make me do it?”
In China, an iPhone 6 costs 6,988 yuan ($1,047), while the larger iPhone 7 Plus goes for 7,988 yuan ($1,197).


Wang Sicong has been nicknamed “the nation’s husband” online.

This isn’t the first time Wang has doted on Coco in this fashion.
In 2015, he attracted widespread outrage in China after posting photos of the dog wearing two Apple Watches with luxury bands worth upwards of $37,000.
He’s part of China’s fu’erdai or second-generation rich – the sons and daughters of tycoons that are best known for flaunting their decadent lifestyles.
Nicknamed “the nation’s husband” for his status as China’s most eligible bachelor, Wang has come under fire from state media for his outrageous displays of wealth.


Wang previously bought Coco Apple Watches and bands worth $37,000.

Last year, the official Xinhua news agency published a blistering commentary about Wang accusing him of having “stained the purity of the Chinese (people)” and warning others not to copy the “arrogant and coarse celebrity.”
That came after Wang created a furore by saying the only characteristic he looked for in potential girlfriends was the size of their breasts, causing Xinhua to accuse him of having “Berlusconi-style arrogance.”
Criticism over “buxomgate” got so strong that Wang’s father appeared on state television to address the controversy, blaming his son’s behavior on “Western schooling.”
CNN’s Serenitie Wang in Beijing contributed to this report

Buxomgate…oh man. It’s rough being king, or in this case, spoiled prince. :rolleyes:

Spinned in Transaltion

Interesting News Items.
From the first post: Modigliani’s Nu Couché is a wonderful work. Maybe it will be safer in HK and hopefully put on public viewing sometime.

“That came after Wang created a furore by saying the only characteristic he looked for in potential girlfriends was the size of their breasts”

This doesn’t seem be exactly what he said.

Other news items report:

Wang Sicong, had sparked a scandal by telling reporters at a Valentines Day charity event in Beijing that what he looked for in potential dates was a big rack.

Chinese tycoon Wang Jianlin blames Western education for his son’s controversial remark that potential girlfriends needed to be “buxom”.

No any word “only” in the other reports - not the same meaning.
A lot of other guys would say the same thing and have the same requirement and no one would accuse them being anything other than guys.
“cherchez la bosom”,

I actually couldn’t find out exactly what he said or the original text it was but the “rack” quote sounds has the most verisimilitude.

He was just too candid with State Media in the public eye. which is not much different than gaffing in the Western PC media Not good if he wants a political career.

Anyway, as the most eligible bachelor, he now is probably getting lot of propositions from Hunan and Henan. :wink:
It pays to advertise.

But now the iPhones. the only thing I can think that the dog might use them for is as chew toys. The ones from the dollar store would probably taste better.
..
But this is not really crazy or pointless. He is just asserting his place in the social order. This is an example of Thornstein Veblens’ Conspicuous Consumption Theory. You have something extremely valuable like the White House Lawn and then you don’t use it for grazing sheep or cattle. This asserts your power and status over the community .
(In this case over America lol ).
..
Now think of all the poor homeless people that could have used those 37,000 dollar Apple watches to better their lives.
Funny thing is that no one with a cell phone these days seems to have a watch.

Crazy Rich Asians

Wonder if they will whitewash this. Cuz I don’t think I’ll understand it unless there is a white character to 'xplain it to me. :rolleyes:

‘Crazy Rich Asians’ Adaptation Lands at Warner Bros. (EXCLUSIVE)
Brent Lang
Senior Film and Media Reporter
@BrentALang


ANDREW H. WALKER/VARIETY/REX/SHUTTERSTOCK
OCTOBER 20, 2016 | 11:26AM PT

Warner Bros. has acquired “Crazy Rich Asians” and has fast-tracked the romantic-comedy for production. It will be one of the only major studio movies to feature an exclusively Asian cast. Rights for the project attracted a heated bidding war.

“Crazy Rich Asians” unfolds in a world of opulence, as new and old money collide among a set of Chinese families living in Singapore. It’s being pitched as a combination of “Devil Wears Prada” and “Pride & Prejudice,” and follows Rachel Chu, a Chinese-American economics professor and her boyfriend, Nick Young. When Nick invites Rachel to attend his best friend’s wedding in his home town of Singapore, he fails to mention that as the heir to a massive fortune, he is viewed as the country’s most eligible bachelor.

Color Force’s Nina Jacobson her partner Brad Simpson came on board two years ago when Kevin Kwan’s book of the same name was still in the manuscript stage.

“It was just a page turner in and of itself,” said Jacobson. “It was a delight to be taken into this world that as a Westerner I didn’t know. It felt so new and fresh and gave you so much insight.”

Color Force, which produced “The Hunger Games” series, brought in Ivanhoe Pictures, the maker of “In the Bedroom,” and developed the project and packaged the film with Jon M. Chu directing from a screenplay by Adele Lim (Fox’s “Lethal Weapon”) and Pete Chiarelli (“The Proposal”). To get the gig, Chu, a first-generation Asian-American, put together a visual presentation that included family photos to show his deeply personal connection to the material.

Jacobson and Simpson knew that finding the right studio home would take a lot of time and effort. Aside from “The Joy Luck Club,” which was a hit when it came out in 1993, and “Memoirs of a Geisha,” which was not when it bowed 12 years later, there have been very few U.S.-backed films centered around Asian characters and experiences. It also comes at a time when the romantic-comedy genre is struggling. It’s been a long time since “Pretty Woman” and “Notting Hill” filled theaters, and with a few exceptions, such as “Trainwreck,” most studios have largely stopped making meet-cute films. The “Crazy Rich Asians” producers think that there story and setting is a novel way to revive the genre.

“At a time where we keep asking how we can compete with TV and other offerings, it’s important to give people something different,” said Simpson. “We’re taking them to a world that hasn’t been shown much on film.”

The story may be a rarity for Hollywood, but it hits at a time when the issue of diversity is being hotly debated across the entertainment industry. The Chinese film market is second only to the U.S., but despite its box office contribution, very few films feature Asian characters. Only 5% of speaking parts in film, television, and digital programming were played by Asian actors in all of 2014, according to a study by USC. Indeed, there have been several instances of white actors playing roles that were originally designated for Asians, including Emma Stone in “Aloha” and Scarlett Johansson in the upcoming “Ghost in the Shell.”

“Inclusion is good business,” said Jacobson. “Inclusion is a way of reaching new and broader audiences and keeping material fresh.”

Production may begin as early as this spring in Singapore. The producers are embarking on a worldwide search for the cast. “Crazy Rich Asians” was a bestseller upon release, with nearly one million copies in print worldwide. Kwan saw the novel as the first in a trilogy. His follow-up, “China Rich Girlfriend,” was a commercial success, and the last installment in the series, “Rich People Problems,” debuts next summer. Kwan felt so strongly that Color Force and Ivanhoe were the right companies to produce the film that he optioned the novel for a dollar.

“I am beyond thrilled that the amazing film my fans around the world have been waiting for is finally happening,” said Kwan in a statement. “I have such tremendous respect and trust in Nina, Brad, Jon, and Warner Bros, and I know they are going to create an incredible, history-making movie.”

Simpson and Jacobson will produce along with Ivanhoe President John Penotti. Kwan will serve as executive producer along with Ivanhoe’s Chairman Robert Friedland. Courtenay Valenti and Jon Gonda will oversee the project for Warner Bros. The studio has been trying to increase diversity both in front of and behind the camera — it lined up a female director in Patty Jenkins to oversee “Wonder Woman,” and enlisted African-American filmmaker Rick Famuyiwa to oversee “The Flash.”

The deal for “Crazy Rich Asians” was negotiated by Ziffren Brittenham LLP. Kwan is represented by Alexandra Machinist at ICM and Chu by WME and Principato Young.

Dang…

…where can I apply? :wink:

As son refuses father’s fortune, China’s richest man seeks ‘application’ for heir
December 13, 2016, 10:05 am

The richest man in China, Wang Jianlin, owning a $92 billion (620600 crore) empire, on Sunday said he is looking for a successor, most likely from a group of professional managers, to take over his business after his son apparently declined to take over his empire.

The 62-year-old, founder and chairman of Dalian Wanda Group Co, whose business includes shopping malls, theme parks, sports clubs and cinemas, said he is most likely to pick from a group of professional managers to take over the running of his business.

[QUOTE]I have asked my son about the succession plan, and he said he does not want to live a life like I do. Perhaps young people have their own quests and priorities. Probably it will be better to hand over to professional managers and we sit on the board and see them run the company

  • Wang Jianlin

Wang was speaking at China Entrepreneurs Summit on Monday.

The wealthy scions of China’s billionaire entrepreneurs, known as fu’erdai are increasingly striking different paths, as more than three decades of break-neck economic growth and overseas education have given them different experiences, worldview and aspirations from their parents.

Over 80 percent of Chinese heirs are not keen on assuming the reins of their parents’ businesses, a survey by the Shanghai Jiaotong University, covering 182 of the country’s top family-run companies said.

Some were backing off due to intense pressures, while others simply were pursuing other career interests, study by the association of Chinese private enterprises showed, the Post report said.

Dalian Wanda, founded in the port city of Dalian in 1988, is the epitome of China’s rags-to-wealth story, where it grew from a small property developer into a conglomerate operating malls, hotels, theme parks and the world’s largest chain of movie cinemas.

In the process, it’s made Mr Wang and his only son immensely wealthy.

Wang, who visited India and met Prime Minister Narendra Modi had committed to invest about $10 billion in a Chinese project in Haryana.

Following a worldwide buying spree that added AMC Entertainment, the Hoyts Group and Odeon and UCI Cinemas, Mr Wanda now operates the world’s largest chain of cinemas, with more than 10,000 screens.

It also owns hotels operated by Westin and Sofitel, as well as shopping malls and plans to build as many as 15 multibillion-yuan theme parks around the country.

After snapping up stakes in European football clubs, Wanda is now turning its sights on Hollywood, announcing plans to purchase Dick Clark Productions in November that granted it the broadcasting rights to Golden Globe Awards.
[/QUOTE]

Fake Chinese Lesbian Billionaires

The Story About A Chinese Lesbian Billionaire Couple Is Very, Very Fake
“That WJSN lesbian billionaires fake news tweet saved 2017.”
Posted on April 29, 2017, at 3:26 a.m.
Kassy Cho
BuzzFeed News Reporter
Ikran Dahir
BuzzFeed News Reporter

A tweet about two lesbian Chinese billionaires who got married and became the world’s richest couple alive has gone viral.

[BREAKING] Lesbian Chinese Billionaires, Meng Mei Qi and Wu Xuan Yi, marry. Making them the richest couple alive.
4:00 PM - 26 Apr 2017
23,281 23,281 Retweets 39,148 39,148 likes
The news that Meng Mei Qi and Wu Xuan Yi were married was shared by thousands of people, including former Disney Channel star Debby Ryan.


Twitter: @DebbyRyan
People were shook.


Twitter: @alocalteen


Twitter: @SpellmanNaomi


Twitter: @chel_c_cam

Just one problem, Meng and Wu are not a couple, and nor are they billionaires. They are, however, members of the South Korean-Chinese band Cosmic Girls, also known as WJSN.

instagram.com

The photo of Meng and Wu was taken earlier this week at the Beijing International Film Festival, and uploaded by fellow WJSN member Xuan Yi on to her Weibo page.


weibo.com

And the story was put together by K-pop fans, who, as it appears, were just trying to promote their faves.


Twitter: @misswujuniverse

The teenager behind the original tweet, Abby Fry, told BuzzFeed News that she came up with the joke because she thought it would amuse ujungs, WJSN’s fan group, and never expected it to go so big.
‘I thought they looked like they were at a wedding with the dresses they were wearing and the dresses sure looked expensive,’ Fry said.She said that she thought people would fact-check first, but added that it ‘just shows the power of what we want to happen.’
Twitter: @merrymeiqi
“I thought they looked like they were at a wedding with the dresses they were wearing and the dresses sure looked expensive,” Fry said.
She said that she thought people would fact-check first, but added that it “just shows the power of what we want to happen.”
Stans obviously found it hilarious.


Twitter: @misswujuniverse

And continued with their top-notch trolling.


Twitter: @floweryflesh


Twitter: @rapkays

continued next post

Continued from previous post

They even shared pictures of the “happy couple”.


Twitter: @floweryflesh

[QUOTE]
Follow
av @greyjinsook
good night i love the richest couple alive
9:20 PM - 27 Apr 2017
22 22 Retweets 24 24 likes

The plot escalated with an equally fake murder.

View image on TwitterView image on Twitter
Follow
48 @uzzucam
mei qi murdered her husband, married a girl,and became the richest gay couple alive she really did that
2:52 PM - 27 Apr 2017
29,714 29,714 Retweets 40,761 40,761 likes

And that they had ~history~.


Twitter: @greyjinsook

They also didn’t forget to promote their album.


Twitter: @rootsmihyun

People are praising the stans for pulling off the ultimate scam.


Twitter: @nyakutagawa

But it wasn’t long before people caught onto the joke.


Twitter: @ohmomona

And are now spreading the word.


Twitter: @prismwaves

Which left some very disappointed.


Twitter: @currypuffs

Ujungs, however, feel that the joke has saved 2017.


Twitter: @Suendenfall

Kassy Cho is a reporter with BuzzFeed New[/QUOTE]

I know, I know, really random news post. I just wanted to make a post with the heading ‘Fake Chinese Lesbian Billionaires’[/QUOTE]

Zhang Zetian

From internet sensation to China’s youngest female billionaire: meet 24-year-old Zhang Zetian
Alexandra Ma
Aug. 6, 2017, 6:32 AM 543,921

It’s not every day that you see a 24-year-old female billionaire let alone one that first found fame through a viral photo.

Zhang Zetian was listed in Chinese New Fortune magazine’s top 500 rich list this May, making her the youngest female billionaire in the country. The accolade has been repeated in by Chinese and Hong Kong media like the South China Morning Post newspaper and Jing Daily online magazine.

China is home to many young female billionaires, many of whom are self-made.

Thanks to Zhang’s well-groomed Instagram page, we’re about learn a little more about her life. Take a look at the slides below to learn more about the young billionaire.


This is 24-year-old Zhang Zetian, who also goes by Nancy.
Pascal Le Segretain/Getty

Zhang first rose to fame in 2009 when a photo of her holding a cup of tea went viral.

[QUOTE]
View image on Twitter
Follow
@cntechnews
170
2http://www.mychinanews.com/news/n/7/1028966
8:45 PM - May 11, 2015
Replies Retweets likes
Twitter Ads info and privacy

Zhang, then in her mid-teens, was given the Chinese nickname Naicha meimei or milk tea little sister.

In 2014, she starred in a promotional video for that summer’s Youth Olympics in Nanjing.


Titi Tran/YouTube

However, she resisted further fame, according, according to SCMP, and refused a movie role by by Chinese filmmaker Zhang Yimou, who made “House of Flying Daggers” and “The Great Wall.”

She was admitted into Chinas prestigious Tsinghua University in 2011, and spent one year on exchange at New Yorks Barnard College.

zetianzzz
Follow
guess what! im here! (^^)=
Like
Comment
667 likes
zetianzzzguess what! im here! (^^)=

It was there that she met her future husband Liu Qiangdong, who is 19 years her senior.

She captioned the above photo “Got photographed by the paparazzi again.”

The couple publicly denied their relationship for a long time, saying they were “just classmates,” according to New Fortune magazine.

Liu, who also goes by Richard, is the 16th richest person in China.

Andrew Burton/Getty

Liu had the 16th-highest net worth in China last year, according to Forbes’ China Rich List. The publication also ranked him the 174th richest billionaire in the world.

He’s the founder and CEO of Chinese e-commerce company JD.com one of Alibabas major competitors.


Liu Qiangdong celebrates his company’s initial public offering on the Nasdaq exchange in 2014.Andrew Burton/Getty

JD.com had over 236 million active customer accounts in FY 2016, the company’s financial statements noted. Alibaba recorded 423 active accounts the year before.

The couple married in August 2015.


View image on Twitter
Follow
@yulekuaixun
10
10 http://www.mychinanews.com/news/n/2/1212252
10:15 PM - Oct 4, 2015
Replies Retweets likes
Twitter Ads info and privacy

News of the nuptials got out thanks this photo of the couple in a Beijing courthouse.

[/QUOTE] Continued next post

continued from previous post

They welcomed their first child — a girl — in March 2016. A few months later, the couple invested in an Australian baby formula company.


Zhang and Liu bought a 17.3% stake in Bubs Australia, The Australian reported.

This wasn’t their only personal investment. Zhang and her husband’s personal portfolio consist of six companies, including Uber China.

Zhang can be partially credited for JD.com’s success, as she helps promote the site’s fashion and luxury goods businesses.

The fashion aficionado met industry legend Iris Apfel this April.

Zhang met up with the 95-year-old fashion icon again in New York earlier this week.

She’s also mingled with other influential people — such as Bill Gates, Canadian Governor General David Johnston and David Beckham.

Zhang’s travels have taken her to Paris, Bordeaux, Cannes, California, Geneva, Milan, Venice and Cambridge — this summer alone.

The social media-savvy investor documents her travels on her Instagram feed.

The internet is a gold mine if you’re cute and savvy.

the most impressive rich kid in the city

Shocking footage shows little boy driving a Maserati on a road as his father films and flaunts his ‘talent’
Father filmed his son driving a Maserati on a road in Xinyang, China
The child, aged four or five, had his hands firmly on the steering wheel
He was dubbed ‘the most impressive rich kid’ by his father in a viral video
By Tiffany Lo For Mailonline
PUBLISHED: 07:48 EDT, 19 September 2017 | UPDATED: 09:22 EDT, 19 September 2017

A shocking video which shows a little boy driving a Maserati on a road has sparked an outcry in China.

The footage was taken by an onboard passenger and it shows the boy driving the luxurious car confidently.

The passenger can be heard complimenting the boy: ‘You’re the most impressive rich kid in the city.’


A young boy was seen driving a Maserati as its steering wheel logo suggested (left). The boy can be seen looking to the side while driving (right) in Xinyang, China’s Henan Province

According to Yang Cheng Evening Post, the video was believed to be taken by the boy’s father.

The boy, appeared to be four or five years old, can be seen steering the wheel of a Maserati car with both hands.

There were three people including the boy in the car when the video was taken.

It is reported that the boy was driving on Hang Kong road in Xinyang, Henan Province.

Cars and trucks can be seen passing fast as the boy drove along the road.


The boy’s father said in the video that the boy is ‘the most impressive rich kid in the city’ as the boy confidently drove on a busy road (left and right)

His father said in the footage that children in kindergartens were not able to drive a car at this age.

He then asked his son to give him a thumbs up, but the boy neglected.

Another man said they put their lives in the boy’s hands.

According to China’s Road Traffic Safety Law, the trio had already violated the regulations as the underage boy drove motorised vehicle without a licence.

Web users has responded on Weibo, a Twitter-like social media site.

‘AuHoiYuen’ and few other web users suggested some of the Maserati models are autonomous or semi-autonomous.

However, ‘FeiYangYangARSENAL’ commented to ask local traffic officers to look into the violations of traffic safety whether or not the car is on auto pilot.

‘M33666’ said: ‘All he wants to do is to show how rich he is!’

Wait…maseratis have auto-pilot? :rolleyes: