Tencent’s Pony Ma kicks Jack Ma from Asia’s richest top-spot
Pony Ma, a former software developer, co-founded Tencent in the late 1990s and is now worth $50bn
24 June 2020 - 12:52
Hong Kong — Tencent Holdings’ $40bn surge this week and the recent ascent of Pinduoduo (PDD) have reshaped the landscape of China’s richest people.
The country’s largest game developer has surpassed Alibaba Group Holding as Asia’s most-valuable company, with its shares rising above HK$500 ($64.50) in intra-day trading on Wednesday for the first time. PDD, a Groupon-like shopping app has more than doubled this year...
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