‘Still believe in love': China tycoon whose divorce gripped public, remarries ex-classmate
The fresh nuptials, which challenge the stereotype of wealthy older men marrying much younger women, have earned the successful businessman widespread praise online.
Li Guoqing, 61, is a Peking University graduate and the co-founder and former CEO of Dangdang, one of China's first and most well-known online book retailers.
Founded in 1999 with his former wife, Peggy Yu, Dangdang became a household name in China's e-commerce sector. The two married in 1996 after dating for three months.
Li Guoqing is a graduate of Peking University and the co-founder and former CEO of the e-commerce company, Dangdang. Photo: Handout
On August 16, Li married his new wife Zhang Danhong in a wedding with the theme 'Still Believe in Love'.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
2 hours ago
- South China Morning Post
With no US trade deal, China continues Brazil pivot for soybean supply
China slashed its soybean imports from the United States while increasing shipments from Brazil in July, a move that further reorients its supply from the world's top producer even as American farmers press Washington to negotiate for larger purchases of the crop in a hypothetical trade agreement. Last month, China imported 420,873 tonnes of soybeans from the US, down 11.47 per cent from a year earlier, according to a Wednesday data release by the General Administration of Customs in Beijing. The figures indicate China is continuing a gradual pivot towards Brazil to satisfy its vast demand for soybeans, as trade tensions with Washington persist and multiple rounds of talks have failed to produce the sort of wide-ranging deal that would include an increase in shipments of the sought-after legume. Imports from Brazil jumped 13.92 per cent year on year to 10.39 million tonnes in July, in stark contrast to the decline in US shipments. Overall, China's soybean imports rose 18.39 per cent year on year to 11.67 million tonnes in July, with Brazil accounting for nearly 90 per cent of its supply. The US' share stood at just under 4 per cent. In the first seven months of the year, China imported 61.03 million tonnes of soybeans, up 4.63 per cent from the year prior, with nearly 70 per cent sourced from Brazil and just over a quarter from the US. One of the US' most important agricultural exports, soybeans have been a point of leverage at a fraught time for bilateral relations. China relies heavily on imports for its supply, primarily used as animal feed and cooking oil.
South China Morning Post
4 hours ago
- South China Morning Post
Trump tariffs spark India-China reset, Chinese city's biotech dream: SCMP daily highlights
Catch up on some of SCMP's biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing The world's two most-populous countries made significant progress on the diplomatic front recently, and those championing such moves may have Washington to thank. South China's Guangdong province has announced its ambition to join the country's race to expand its commercial space sector, promising financial and policy support for companies wanting to build low-orbit satellite constellation systems and promote their application in futuristic industries including space mining and space tourism. Ilustration: Brian Wang Could a city best known for its classical gardens and ancient canals emerge as China's answer to Boston – the global epicentre of biotechnology innovation?
South China Morning Post
4 hours ago
- South China Morning Post
China turns up oil tap from Russia as purchases of US crude remain suspended in July
China's crude oil imports remained robust in July, fuelled by higher Russian shipments, while China's purchases from the US remained suspended for a second straight month. The latest customs data shows that the volume of inbound crude oil reached 47.2 million tonnes in July, up 11.5 per cent from a year earlier. China purchased 8.71 million tonnes of crude oil from Russia, making it the top source of China's crude imports last month, according to the official data. This marked a year-on-year increase of 16.8 per cent, with its northern neighbour supplying nearly a fifth of crude imports. Meanwhile, China's last import of crude oil from the US was in May. China also imported 7.47 million tonnes of crude oil from Saudi Arabia in July – a year-on-year rise of 16.6 per cent. Saudi Arabia, Iraq and Malaysia were China's other top crude oil suppliers last month. Over the first seven months of the year, China imported 326.6 million tonnes of crude, up 2.8 per cent from the same period in 2024. Russia accounted for 17.7 per cent of this year's total.
