China’s two richest people lose billions in consumer stock rout
China’s top billionaires saw their combined wealth drop by more than $18 billion due to massive stock selloffs in major consumer firms. This reflects investor fears about the country's economic health. Key figures, Zhong Shanshan of Nongfu Spring and PDD Holdings' Colin Huang, have faced significant financial setbacks amid heightened competition and regulatory scrutiny.
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China’s top billionaires saw their combined wealth drop by more than $18 billion due to massive stock selloffs in major consumer firms. This reflects investor fears about the country's economic health. Key figures, Zhong Shanshan of Nongfu Spring and PDD Holdings' Colin Huang, have faced significant financial setbacks amid heightened competition and regulatory scrutiny. 
