Online education is one of the big winners in the ongoing corona crisis, next to health care, says Hurun rich list maker Rupert Hoogewerf in the South China Morning Post. “Valuations of traditional education institutions had recorded a severe drop, compared to the quick rise of education technology-focused companies,” he says.

The coronavirus might have put pressure on many industries, the top healthcare companies in China do very well, says Rupert Hoogewerf, chief researcher of the Hurun Report in Laingbuissonnews.com. Healthcare is the third largest industry for non-state controlled companies in China, after manufacturing and real estate.

The annual Hurun Global Rich List counted today more billionaires in China than in the US and India combined, says Rupert Hoogewerf, chairman of the Shanghai-based Hurun Report after its publication on Wednesday, to Caixin. In 2019, China created 182 billionaires, three times the number as those in the U.S., according to the Hurun Report.

Private companies in China have become more important than sometimes appreciated, says Rupert Hoogewerf, chairman of the Hurun Research Institute in its latest report, according to the South China Morning Post. They have grown eight times in the past decade, pay most taxes and create most jobs. “Creating value is more than making sales,” says Rupert Hoogewerf.

The number of rich Chinese families has dropped, although only slightly, says this year’s Hurun Wealth Report, according to the China Daily. Both a dropping economy and the trade war triggered off the effect, says Rupert Hoogewerf, chairman of the Hurun Report, now in its 11th year.

Vision, robotics and language are key areas where China is worldwide leading artificial intelligence, says Rupert Hoogewerf, chairman of the Hurun report on AI. The number of patent applications has been rising sharply over the past five years, he adds in the South China Morning Post. Huawei holds a top position.

Three Chinese companies, Ant Financial, Didi Chuxing and Bytedance top the inaugural global unicorn list 2019 for startups in this century, says Hurun chief researcher Rupert Hoogewerf according to the CEO Magazine.

China’s philanthropists spend most of their money on education, followed by poverty alleviation, says the 2019 Hurun Philanthropist List, according to the Hurun chief researcher Rupert Hoogewerf in a press release. Automotive executive of China’s largest auto components company Wanxiang Group tops the list with US$720 million.

Sequoia, Tencent and IDG are the top investors in Chinese unicorns, says last weeks Hurun report on 202 unicorns, start-ups valued at more than US$1 billion, in China as of the first quarter of 2019. Shanghai’s new tech board would be an attractive listing option for Chinese unicorns, said Rupert Hoogewerf, founder and chief researcher of Hurun at the South China Morning Post.