Recent obsession with IPO makes multiple people multi-billionaires, in a few weeks.The IPO (Initial public offerings) market within China, has been hit with a swift wind - due to the boom of the 1990s. Those who profited heavily range from airline companies, game developers to drug-store chains.
This stock growth has also enriched Shenzhen Fenda (Technology company), Yunnan HongXiang Yixintang (Pharmaceutical Company). These founders have just added them-selves to China's richest, gaining billions in tangible currency - These are only a few.
The founder of Alibaba group holding earned a nice $6.7 billion.
Most billionaires derived from the Alibaba group holding, in which a subsidiary of theirs doubled their valuation to a hefty $50 billion just a month ago. Jack ma is the founder, the richest man in Asia.
Investors - well some of them are 'predicting' further growth of Chinese stocks. Where as others warn that this rally is maybe a bubble, deemed to exceed demand. Will have to see which of those investors are right.
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