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Colin Huang, founder of PDD Holdings, which owns Temu and Pinduoduo, has vaulted to the top of China's rich list, boasting a net worth of $48.6 billion. Huang surpasses Zhong Shanshan and now ranks as the world's 25th wealthiest person. Known for his massive success with Pinduoduo, Huang’s rapid rise underscores his significant influence in the competitive e-commerce industry.
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Absa Bank has categorically denied a report alleging that its CEO is at risk of being removed. Labeling the report as both malicious and sensational, the bank reaffirmed its confidence in the current leadership. This move seeks to dispel rumors and uphold the institution's stability.
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Shares of Trump Media & Technology Group nosedived after former President Donald Trump was convicted of falsifying business records in his hush-money trial. The company's stock, symbol 'DJT', dropped significantly in extended trading, reflecting the volatile nature of Trump's media venture.