Bursting bubbles bring billionaires grief

ON MONDAY NIGHT, the Shenzhen Stock Exchange announced its decision to adjust the list of stock indexes, and le.com, a domestic video website that has been mired in a debt crisis for months, was expelled from its startup board. China Youth Daily comments:

Three years ago, le.com was listed as the company with the highest market value on the SSE's board of startups, and Jia Yueting, its head, was called the richest person on the startup board.

Yet le.com is now deep in debt and Jia is included on the list of debtors.