Tencent’s Pony Ma reclaims title of China’s richest person

Quick Summary:

Ma's wealth is still down about 40 per cent from its peak in January 2021, according to Bloomberg’s wealth index.

Pony Ma's wealth is still down about 40 per cent from its peak in January 2021, according to Bloomberg’s wealth index.

Ma established Tencent in 1998 with money he made from an earlier venture at a cost of 500,000 yuan (S$91,360), the equivalent of 62 years of the average Chinese wage at the time.

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Category: EconomyBusiness

Markets: SingaporeChinaHong Kong

Topics: Index Chinese According Wealth China China’s Tencent World’s Years Tech Peak

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 00:19:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 745 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22541851

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