It only began trading on Monday, but China's new Nasdaq-style market has already propelled three tech executives to billionaire status.
Hong Kong China's new Nasdaq-style market has already propelled three tech executives to billionaire status.
The three men hold stakes in companies that ballooned in value when the Star Market in Shanghai began trading Monday. The 25 stocks on the market gained 140% on average the day of the debut, before retreating slightly Tuesday. They were higher again Wednesday on optimism that US-China trade talks will resume next week. The founder and chairman of Suzhou HYC Technology, Chen Wenyuan, is worth about 15 billion yuan based on Wednesday's share price.
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