Married Billionaire’s Kiss Video Goes Viral, Wipes Out $2.9 Billion From Company

Married billionaire’s kiss video goes viral, wipes out $2.9 billion from company

A married Chinese billionaire was filmed kissing a woman inside a lift — and the ensuing scandal has wiped out roughly 20 billion yuan from his company’s stock.

Chinese Billionaire’s Alleged Affair Sparks Market Panic, S$3.79 Billion Wiped Off Company Value

A Chinese technology billionaire has found himself at the centre of a growing scandal after videos allegedly showing him kissing a woman in a lift surfaced online, triggering widespread speculation about an extramarital affair and sending his company’s share price tumbling. The controversy involves 54-year-old Chen Tao, founder and chairman of Chinese electronics manufacturer Victory Giant Technology, a key supplier of printed circuit boards use…