Top Chinese companies have tumbled in market cap, with 12 firms dropping out of the 2022 Hurun Global 500, a list of the 500 most-valued, non-state-owned firms in the world. According to the 2022 report released by the Shanghai-based Hurun Research Institute on Dec. 9, the United States leads the world with a total of 260…

Xi Jinping’s crackdown on business has transformed the ranking of China’s wealthiest people. As indicated by the Hurun China Rich List 2021, many familiar names dropped several places, while at least nine tycoons have had their properties auctioned by the courts. New names were seen in the top three of this year’s rich list, with…