Business

Pham Thu Huong, the wife of Southeast Asia’s richest man Pham Nhat Vuong, has become the second richest person in Vietnam following strong gains by the stock market. Pham Thu Huong, deputy chairwoman of Vingroup Huong, 57, vice chairwoman of Vingroup, saw her net worth rise by US$162 million to $4 billion Wednesday, according to U.S. magazine Forbes. She now shares the second spot with Nguyen Thi Phuong Thao, chairwoman of low-cost airline Vietjet Air, who also has a net wort

Shein founder and CEO Sky Xu has seen his personal fortune shrink by more than US$15 billion in four years as the fast-fashion giant made its long-awaited stock market debut in Hong Kong. A crew member walks on the flight deck of US nuclear-powered aircraft carrier USS Abraham Lincoln (CVN-72) as it heads towards Laem Chabang Port, near the city of Pattaya on September 2, 2026 Chinese-founded Shein Global Holdings was once valued at nearly $100 billion, more than the parent c

After leaving his teaching post, CJ Wang invented an automatic soy milk maker, setting him on a path in the home appliance sector that eventually led to a US$10.4 billion fortune. CJ Wang, or Wang Xuning, chairman of JS Global Lifestyle and SharkNinja Born in 1969 in Yantai, a city in China’s eastern province of Shandong, soy milk was a familiar part of Wang’s childhood. He would often help with chores after school, including the laborious task of making soymilk by repeatedly

Peyush Bansal, the cofounder of eyewear retailer Lenskart Solutions, is the latest Indian to join the billionaire club thanks to the surge of his eyewear company’s shares, driven by a jump in sales. Peyush Bansal, Chief Executive Officer of Lenskart Solutions Limited, attends the Lenskart IPO listing ceremony in Mumbai, India, on November 10, 2025 Shares of SoftBank-backed Lenskart, which went public nine months ago, hit an all-time high of nearly 627 rupees (US$6.55) on the

Online fast-fashion retailer Shein's valuation has dropped by around 70% from a near $100 billion private market peak four years ago, as it aims to raise up to HK$13.86 billion ($1.77 billion) in its Hong Kong IPO launched on Monday. Illustration of the Shein section on the 6th floor of the BHV Marais, Bazar de l Hotel de Ville in Paris, France, on Aug. 5, 2026 Shein is selling 280 million shares between HK$47.60 and HK$49.50 per share, the filings showed, valuing it at close

Japan's justice ministry said Friday it will cancel a collaboration with a controversial Netflix dating show featuring ex-juvenile delinquents, following backlash against what some called the glorification of crimes. This picture taken on April 17, 2026 shows "Badly in Love" Season 1 participant Otoha posing at an event that can be translated as the "Great Yankii Exhibition", in Tokyo Earlier this month, the ministry launched an unusual partnership with the streaming giant's

15 Singaporean companies have been named in Forbes Asia’ “100 To Watch”, the second largest representation of small business and startups in the Asia-Pacific. '100 To Watch' companies by the numbers in Asia-Pacific, 2026 In the sixth annual edition of the list, Singapore ranked behind India with 19 companies, while China came third with 10 businesses, followed by Japan and South Korea, each with nine firms. Most Singaporean businesses included on the list adopt technology to

A consortium including Amazon founder Jeff Bezos is close to agreeing a deal to acquire a stake of about one-third in Premier League club Liverpool, multiple media outlets reported on Monday. American businessman Jeff Bezos attends the 10th edition of the VivaTech technology startup and innovation fair at the Porte de Versailles exhibition center in Paris, France, on June 17, 2026 Sky News reported that the consortium is being led by Amit Bhatia, the son-in-law of steel magna