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 by Staff Writers San Francisco (AFP) Nov 27, 2017
Amazon founder Jeff Bezos was a $100-billion man on Monday as the online retail colossus raked in cash from the holiday weekend's cyber shopping spree. Forbes magazine's real-time ranking of the richest people had Bezos on top, with a personal net worth of $100.3 billion. Microsoft co-founder Bill Gates saw his net worth climb to a dizzying $89.4 billion but was relegated to being the second most affluent person on the planet. Bezos owns almost 17 percent of Amazon, which he founded in a Seattle garage in 1994 after quitting a hedge fund job to sell books online. Amazon shares finished the official trading day up just shy of a percent, and inched up a bit more in after-market trades to top $1,200. Based on the share price, Seattle-based Amazon had a market value of some $576.3 billion. Market tracker Adobe Digital Insights data showed that online shopping was at a record-setting pace from Black Friday into Cyber Monday.
China's tech giants reach global elite with gamers, shoppersBeijing (AFP) Nov 26, 2017 Powered by Chinese smartphone users splurging billions on mobile games and online shopping, China's tech giants Tencent and Alibaba are racing up the elite league of the world's most valuable companies. Hong Kong-listed Tencent, famous for its games and WeChat messaging service, became the first Asian firm to break into the $500 billion league last week - briefly overtaking Facebook as the ... read more Related Links Satellite-based Internet technologies
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