Taiwan's richest man, Terry Gou, has joined the island's presidential race, setting up a January 2024 contest pitting three opposition hopefuls against the ruling party candidate. Gou, the founder of electronics giant Foxconn, jumped into a race in which the China-friendly opposition "blue camp" vote was already fractured between Hou Yu-ih of the Kuomintang and Ko Wen-je of the Taiwan People's Party. Analysts say Gou's move will only serve to further bolster the fortunes of Lai Ching-te of the incumbent Democratic Progressive Party, which rejects Beijing's claims over and threats to self-governing Taiwan.
