Electrical Scooter Maker Joins China’s Billionaire Ranks

China, dwelling of the a number of the world’s wealthiest makers of electrical automobiles, added a brand new billionaire on Tuesday that producers electrical scooters.

Shares in AIMA Expertise Group rose by their every day 44% higher restrict on the Shanghai Inventory Trade to shut at 40.12 yuan, leaving founder Zhang Jian’s stake price 11.5 billion, or $1.8 billion.

AIMA, recognized for its movie star endorsement by Taiwan singer Jay Chou, had gross sales price 12.9 billion yuan in 2020.

China boasts the world’s second-largest variety of billionaires after the US.

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—Maggie Chen