Tencent Chief Ma Passes Baidu’s Li in Wealth: Chart of the Day
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Tencent Holdings Ltd.’s rally has put the wealth of its chairman, Ma Huateng, above that of Baidu Inc. counterpart Robin Li, making him China’s richest Internet executive, according to the Bloomberg Billionaires Index.
The CHART OF THE DAY tracks Tencent, which operates the WeChat and QQ instant-messaging services, Baidu, Google Inc. and the Shanghai Composite and Standard & Poor’s 500 indexes. Tencent has gained more than 75 percent since January 2012, as the Beijing-based rival fell 27 percent. Baidu was the better performer over five years as recently as Aug. 20, 2012, about a week after Shenzhen-based Tencent reported a 32 percent profit increase in the second quarter of the year, Bloomberg data show.