Business

Lisa Su has become the first female CEO to lead a company past $1 trillion in market value after the U.S. chipmaker AMD crossed the milestone amid an AI-driven stock rally. Lisa Su, CEO of U.S. chip maker AMD The U.S. chipmaker reached the threshold for the first time on Sept. 21, joining a small group of companies valued above $1 trillion as investors bet on its expanding role in artificial intelligence computing, Reuters reported. The milestone also marked a first for women

Singapore billionaire Forrest Li’s technology giant Sea will become Southeast Asia’s first enterprise to adopt Nvidia’s next-generation Vera Rubin AI computing platform. Singapore billionaire Forrest Li speaks during a fireside chat at Stripe Tour Singapore on August 2026 The investment will give the parent company of Shopee, Garena and digital financial services business Monee more computing power to develop artificial intelligence models and AI agents at scale, Sea announce

Meta's billionaire AI chief Alexandr Wang says the Meta Connect outfit that social media users priced at US$3,500 in luxury labels began with a deer-print shirt he bought at a Santa Cruz thrift store for $30. Alexandr Wang at Meta Connect 2026 on Sept. 23, 2026 Wang wore the 1990s-style camouflage tee, printed with a large deer head above a wooded trail and more deer, with "Lake Tahoe" on the sleeve, during his keynote at the developer conference on Sept. 23. He paired it wit

Volkswagen's sweeping turnaround plan foresees more than 4,000 further job cuts at Porsche, following a profit warning linked to problems at the sports car subsidiary. The logo of Porsche Files documenting a recent agreement by Volkswagen's supervisory board to usher in the German auto group's largest restructuring yet propose a reduction of "about 4,100 employees" at the brand, addressing an overhead shortfall of some EUR700 million (US$803.8 million), according to German bu

Zhang Yiming, founder of TikTok's parent company ByteDance, has become the richest person in Asia as his wealth surged to US$105.5 billion. Zhang Yiming, founder of tech company Bytedance, attends a meeting in Fuzhou, southeast China's Fujian Province, June 18, 2016 The Chinese billionaire's estimated net worth rose more than $12 billion this month after Bloomberg analyzed the latest valuations from investment firms including BlackRock, Fidelity Investments and T. Rowe Price.

Shu Ping, wife of hotpot giant Haidilao's billionaire chairman Zhang Yong, is selling as much as US$353 million worth of company shares, prompting the stock to hit its lowest since March 2022. Zhang Yong (right) and his wife Shu Ping, co-founders of the hotpot chain Haidilao, pose before an investors' luncheon ahead of the company's IPO in Hong Kong, China, on Sept. 10, 2018 She is offloading 259 million shares through a family trust holding vehicle at a discount of around 6%

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