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Chinese man moves firm from US to China, gets $13 bn richer
short by Krishna Veera Vanamali / on Wednesday, 28 February, 2018
Founder of online security firm Qihoo 360, Zhou Hongyi, has become $13 billion richer by relocating his company to China. Qihoo 360 delisted from New York Stock Exchange in 2016 and merged with a Shanghai-listed shell company, which surged 550% since the plan was announced in November 2017. Hongyi is now China's 11th richest person with a $14.1-billion fortune.
read more at Bloomberg