Pursuits
Tencent’s Ma Becomes China’s Second-Richest Man on WeChat Mania
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Ma Huateng, chairman of Asia’s largest Internet company Tencent Holdings Ltd., overtook property tycoon Wang Jianlin to become China’s second-richest man, according to the Bloomberg Billionaires Index.
Ma has a net worth of $12.1 billion, surpassing Wang by $100 million, according to the daily index. Tencent shares have soared 90 percent this year in Hong Kong trading, compared with a 2.5 percent increase in the benchmark Hang Seng Index.