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If completed, the deal would mark a new Asia record for price per square foot, at HK$255,000, beating the HK$140,800 set in 2021 when an apartment at the Mount Nicholson project was sold. (Bloomberg) -- A buyer from mainland China is offering HK$1.2 billion ($153 million) for a mansion in Hong Kong's Peak area, a sign of the city's rebounding property market after it reopened to the world. [Extracted from the article]

(Bloomberg) -- A new female billionaire has emerged from one of Asia's most-expensive breakups. Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement. [Extracted from the article]

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world's richest. China's rapidly growing economy has been an engine for the country's richest, and Du is not the only tycoon who's had to pay a steep price for a divorce. In 2016, tech billionaire Zhou Yahui gave $1.1 billion of shares in his online gaming company, Beijing Kunlun Tech Co., to ex-wife Li Qiong after a civil court settlement. [Extracted from the article]

Li Ka-shing retired from CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd. last year, with his son Victor taking over the conglomerate. AttributionPeter Eichenbaum: editor primarySteven Crabill: editor secondaryPei Yi Mak: assistVenus Feng: by reporterPierre Paulden: editor responsible. [Extracted from the article]

The 128 people in Asia with enough money to crack the 500-member Bloomberg Billionaires Index lost a combined $137 billion in 2018, the first time wealth in the region has dropped since the ranking started in 2012. More than two-thirds of the 40 Chinese on the Bloomberg ranking saw their wealth dwindle. [Extracted from the article]

Meituan Dianping, the Yelp of China, burns cash to fuel growth The January IPO of C-Mer Eye Care Holdings Ltd. produced this year's first new Chinese billionaire, Dennis Lam, who also became Hong Kong's first billionaire ophthalmologist. [Extracted from the article]