News > Tencent’s Pony Ma dethrones Jack Ma, now China’s richest person

Tencent’s Pony Ma dethrones Jack Ma, now China’s richest person

Tencent’s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshaped the landscape of China’s richest people. The country’s largest game developer has surpassed Alibaba Group as Asia’s most-valuable company, for the first time ever.

Tencent’s Pony Ma (also called Ma Huateng) worth $50 billion, has surpassed Jack Ma’s $48 billion fortune, becoming China’s richest person.