Zhong Shanshan

Hurun Rich Li

2026-10-27 02:59:32

Hurun 2026 Rich List: Zhang Yiming Retains China’s Top Spot

The Hurun Research Institute has released the 2026 Hurun Rich List, showing a record 1,529 entrepreneurs in China with personal wealth of at least 5 billion yuan. That was up by 95 from a year earlier. The combined wealth of those on the list reached 32 trillion yuan, rising 7% year over year, or 2.1 trillion yuan. ByteDance founder Zhang Yiming ranked as China’s richest person for the second time with 670 billion yuan, setting a new record for the country’s top fortune, according to the list. Nongfu Spring founder Zhong Shanshan fell to second place after his wealth declined by 120 billion yuan, leaving him with 410 billion yuan. DeepSeek founder Liang Wenfeng made his first appearance on the ranking and entered the top 10 with 280 billion yuan. The latest list was published by the Hurun Research Institute and cited by ChainCatcher in a 7x24 news update.

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DeepSeek

2026-08-25 10:43:08

Zhong Shanshan indirectly backed DeepSeek through his investment vehicle, with the stake estimated at about RMB 354 million

DeepSeek’s first financing round is drawing renewed attention as the company moves into a second round, with more details emerging about who got in early. Public ownership records cited in the report show that Zhong Shanshan, China’s richest man and founder behind the Nongfu Spring and Wantai Bio businesses, indirectly invested in DeepSeek through a chain of entities linked to Guanzi Venture Capital. Based on the structure described in the article and Tianyancha corporate data, the investment is estimated at roughly RMB 354 million. The report says DeepSeek’s first round, completed in June, included state-backed capital, market-oriented institutions, internet companies, and a RMB 5 billion commitment from CATL. It also names industrial capital from firms such as Andon Health, By-Health, and Septwolves. For Zhong, the DeepSeek deal stands out because it is described as his first move into the AI large-model segment, even though Guanzi Venture Capital had previously appeared as a pre-IPO shareholder in AI chip company Lightelligence. The article also maps a broader technology investment footprint under the Yangshengtang system, including Qiantang New Materials Laboratory and the Kunshan Gewu Zhizhi fund, both of which have been active in hard-tech areas such as new materials, photonic chips, superconducting equipment, embodied intelligence, and solid-state batteries.

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