A New Ma Replaces Alibaba's Jack Ma As The Richest Person In China With A Net Worth Of $37bn
Jack Ma, the Alibaba owner, is no longer the richest person in China. He was stripped of the title by?Ma Huateng, also known as Pony Ma, who topped Forbes's list of Chinese billionaires on Monday.
south china morning post
The net worth of Pony Ma, the founder-CEO of internet company Tencent, has been valued at $37 billion whereas Jack Ma's net worth is $36.2 billion, according to Forbes's billionaire's list.
Pony Ma's company operates the extremely popular WeChat app. It was launched in 2011 and by 2017 had become one of the largest messaging apps with 938 million active users.
reuters
In direct competition to WeChat is Jack Ma's Alipay in China. In 2017, Tencent cited 600 million active users of WeChat's payment system in 2017 as opposed to Alipay's 450 million active users.
