How Tencent CEO Pony Ma became the richest man in China
Publishing timestamp: 2018-05-10 18:20:30
Summary
Ma Huateng, the richest man in China, is the CEO of Tencent, one of the world's largest internet companies. His net worth has grown to $47 billion, making him one of the world's 15 richest people. Tencent's WeChat app is extremely popular in China, and the company has expanded into various other ventures, including investing in Western companies like Tesla and Snap. Tencent often competes with Alibaba in China's mobile payment market. Ma Huateng and Alibaba's Jack Ma have been competing for the title of China's richest person.
Sentiment: NEUTRAL
Tickers: SPOT, TXLZF, 700-HK, SNAP, BABA,
Keywords: leadership, tencent holdings ltd, quotes, jack ma, meta platforms inc, amazon.com inc, alibaba group holding ltd, alibaba group, social media industry, entrepreneurship,
Source: https://www.cnbc.com/2018/05/10/tencent-ceo-ma-huateng-pony-ma-is-now-the-richest-man-in-china.html