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Tencent's Ma Proposes Bay Area-Like Tech Zone in South China

  • Area to include Hong Kong, Macau and help maintain stability
  • Ma advocates using Chinese capital to acquire overseas content
Pony Ma.

Pony Ma.

Photographer: Xaume Olleros/Bloomberg

Tencent Holdings Ltd.’s Chairman Ma Huateng proposed to build China’s own Bay Area equivalent with a technology zone in southern China that would include the financial center of Hong Kong and gambling city of Macau.

China’s fourth-richest man said on Friday that setting up a “Guangdong-H.K.-Macau” technology area could help maintain stability in the two former colonies. Ma was speaking at a press conference two days before the National People’s Congress convenes in the capital to set the year’s agenda.