US$75 million split: China court rules ex-wife of pharma tycoon gets half of firm

A divorce case in China that has lasted 15 years has finally reached a judgment, ordering alimony of 536 million yuan (US$75 million), sparking significant attention on social media. The husband, Zhao Bingxian, 63, is often referred to as China’s Warren Buffett due to his remarkable record in financial investments. In early November, the Beijing No 3 Intermediate People’s Court issued a verdict during the second hearing of the divorce case between Zhao and his wife, Lu Juan. The ruling mandates...