Tencent Rally Briefly Makes Founder China’s Richest Person
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About five years after China began a crackdown on its most powerful private business owners, the nation’s billionaire tech entrepreneurs are suddenly back in vogue.
Pony Ma, the co-founder of Tencent Holdings Ltd briefly became China’s richest person on Monday, surpassing bottled water tycoon Zhong Shanshan with a $56.9 billion fortune at 9:50 a.m. in Hong Kong, according to the Bloomberg Billionaires Index.