Electric Scooter Maker Joins China’s Billionaire Ranks Leave a comment

China, home of the some of the world’s wealthiest makers of electric cars, added a new billionaire on Tuesday that manufacturers electric scooters.

Shares in AIMA Technology Group rose by their daily 44% upper limit at the Shanghai Stock Exchange to close at 40.12 yuan, leaving founder Zhang Jian’s stake worth 11.5 billion, or $1.8 billion.

AIMA, known for its celebrity endorsement by Taiwan singer Jay Chou, had sales worth 12.9 billion yuan in 2020.

China boasts the world’s second-largest number of billionaires after the United States.

See related stories here:

China Adds New Billionaire After Online Job Platform Kanzhun Soars On Nasdaq Debut

Didi, The Uber Of China, Files For U.S. IPO As Economic Recover Advances

Forbes Midas Lister Ruby Lu Sees Growth In China Tech

—Maggie Chen

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *