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China’s Super-wealthy Get N574trn Richer During Pandemic [Video]

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– The coronavirus pandemic has made the super-wealthy in China richer as they added $1.5 trillion to their wealth

– While companies were forced out of business around the world due to the pandemic, others are smiling to the bank

– The richest man in China and founder of Alibaba, Jack Ma, is one of the biggest winners of the global crisis

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The super-wealthy in China have added $1.5 trillion (N574,830,000,000,000) to their wealth during the pandemic that started in Wuhan.

This was made possible by the surge in business for online shopping firms due to the lockdowns.

Daily Mail reports that Jack Ma, the richest man in China, saw his wealth rise by 45% to $58.8 billion (N22,533,336,000,000) after his e-commerce business Alibaba emerged as one of the winners of the crisis.

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Ecommerce

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Ecommerce

Reports of rising retail sales suggest Chinese consumers have shaken off coronavirus worry, but the recovery is by no means complete, and spending that has grabbed headlines masks a deeper malaise

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Ecommerce

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