In China, Tycoons' Divorces Hurt Stocks

As Chinese tycoons dump spouses, investors often suffer
Wu Yajun, China's most successful female entrepreneur, is estimated to have lost $2.92 billion during her divorce this year Photograph by ImagineChina

Divorce has come to China. Once considered taboo, splitting up got much easier in 2003, when the state did away with a rule requiring that employers approve divorces. Last year China’s national divorce rate was 22 percent, according to the Ministry of Civil Affairs.

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