Chinese billionaires William Ding, Lei Jun face trust tax as Beijing collects $24bn
Billionaires Africa | 14.11.2026 16:15
Chinese billionaires including NetEase Inc. founder William Ding and Xiaomi Corp. Chairman Lei Jun are among eight of the world's 500 richest people who could be caught by Beijing's crackdown on offshore trusts, which has already brought in more than 160 billion yuan ($24 billion) in back taxes.
