![Wang Sicong is an internet celebrity in China with more than 21 million followers on his weibo account.](/web/20161213094427im_/http://www.theage.com.au/content/dam/images/1/3/n/d/o/e/image.related.wideLandscape.620x349.gta3st.png/1481602602045.jpg)
Chinese billionaire's only son not interested in running $122b empire
The 29-year-old internet celebrity "said he didn't want to live a life like mine", says Chinese billionaire Wang Jianlin.
The 29-year-old internet celebrity "said he didn't want to live a life like mine", says Chinese billionaire Wang Jianlin.
If only the billionaire investor had taken his own advice on how to capitalise on the US housing collapse.
Australia may have tougher laws aimed at recouping more tax from multinationals, but that won't stop the incoming US President Donald Trump to tell us to "get stuffed" in the fight for more revenue, a KPMG tax expert says.
Even after Trump's upset victory last month, China's appetite for the country's favourite companies is growing.
The pact between Russia and other non-OPEC nations to curb oil production, alongside OPEC nations, is the first in 15 years.
Iran signs a $US16.6 billion deal to buy 80 Boeing passenger jets, the biggest US contract since the Islamic Revolution 37 years ago.
Casino stocks including Melco Crown have rebounded after the government of world's largest gambling market placed restrictions on ATM withdrawals that weren't as harsh as expected.
More than $4 billion in Australian tax is being shifted by Australian-based multinationals into the world's 15 worst corporate "tax havens" each year, Oxfam says.
The bad news for James Packer's gaming empire, Crown Resorts, just keep coming, with the company's share price falling as much as 8 per cent on Friday amid concerns gamblers in Macau may soon have less cash to splurge.
McDonald's Corp said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European Union regulators over its tax arrangements in the small country.
If you thought that the European Union coming down hard on tech-giant Apple was the end of secret tax deals, you're wrong.
A new breed of nuclear reactor designed by engineers from the millennial generation has gained the support of both billionaires and the United Nations agency overseeing the industry.
YouTube, defending itself from attacks by record labels and artists, said it passed on more than $1 billion in sales to the music business in the past 12 months.
The President-elect's plan to put a 35 per cent penalty on products made overseas would drive up the prices of his daughter's clothing line.
Passing on a family business to heirs, whether they are involved or not, can be a very knotty dilemma, rife with disagreements, lawsuit, jealousy, estrangements, you name it.
For once, the pollsters were right - and it's bad news for financial markets.
President-elect Donald Trump warned U.S. companies that moving manufacturing to other countries would be a "very expensive mistake" as they will face heavy new taxes.
Airbnb said it has agreed to drop a lawsuit against New York City challenging a law imposing penalties on people who post short-term apartment rentals in the company's biggest US market.
Senior bankers are racing this weekend to piece together a highly complex, three-part rescue of the Italian Banca Monte dei Paschi de Siena, despite widespread expectations that a "No" vote in Sunday's constitutional referendum could scupper the deal.
Wall Street is in and Silicon Valley is out, as President-elect Donald Trump builds up his network of advisers and confidants.
At least for a moment, US president-elect Donald Trump appeared to achieve this week what President Barack Obama struggled to do for most of the past eight years: convince Americans that he can fix the economy.
Hackers broke into accounts at the Russian central bank earlier this year by faking a client's credentials and attempted to steal $US45 million, the bank said in a report released on Friday.
US president-elect Donald Trump announced the formation of a council to advise him on job creation, a group comprised of the leaders of major US corporations including GE, GM, Boeing, Disney and IBM.
When you get a bunch of pharma execs together to talk drug pricing, they're supposed to trade banal and mutually beneficial platitudes about unfair press coverage and the need to pay for innovation.
For users of Meitu's signature app, a beautiful touch-up at the press of a button is free.
If President-elect Donald Trump needs a lesson on the difficulty of reviving US manufacturing, he need look only as far as his daughter's closet.
Want to be the best in your field? Try these 25 books by self-made billionaires.
Howard Schultz will step down as chief executive in April, handing over to his personally selected successor the management of the company he built into the world's largest coffee business.
Steven Mnuchin will need all his Goldman Sachs wiles to win over Washington skeptics as Donald Trump's pick for the Treasury.
"You shouldn't have to be concerned about your safety while shopping for clothes or trying on a pair of jeans," the jeans company's boss says in an open letter posted on social media.
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