The Chinese billionaire is just “lying low”
With an addition $500 million USD combined in Farfetch China.
Rumors suggest that luxury conglomerate Richemont may aid in creating a Chinese venture.
Decreasing his stake from 6.2 percent to 4.8 percent.
The popular app is one of nearly 60 Chinese apps banned by the Ministry of Information Technology.
Net income dropped 99% year-over-year.
International companies have sent over $2 billion dollars in aid to China.
Hitting $21 billion USD in sales in a matter of hours.
Exactly one year after his initial announcement.