Who is the billionaire who usurped Jack Ma's throne and became the richest person in China?
(Baonghean.vn) - The secretive billionaire Ma Huateng - owner of Tencent Group - has just usurped Alibaba CEO Jack Ma to become the richest person in China today.
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| Mr. Ma Huateng was born in 1971 and is currently the boss of one of the world's largest corporations controlling China's largest mobile messaging service and many other fields in China and globally. |
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| After graduating from Shenzhen University in 1993 with a degree in computer science, Ma Huateng worked for a telecommunications company. Just a few years later, he and some university classmates founded Tencent and began working in the field of communication platforms - the precursor to the future technology giant. |
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| In its early years, Tencent was criticized for copying technology from abroad, accused of stealing Western products and adapting them to the Chinese market. For example, Tencent’s PC messaging platform was accused of copying a similar product from the American company AOL. |
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But then Tencent developed WeChat, a mobile messaging app that now has nearly 1 billion users. It is not just a messaging app, but also an ecosystem of technology products, including a search engine, a social network and an online payment platform. |
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| Ma Huateng has just surpassed billionaire Jack Ma - CEO of China's largest e-commerce group Alibaba to become the richest person in China. Mr. Ma Huateng is currently running the "giant" Tencent Holdings - one of China's largest corporations in terms of market capitalization. |
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| According to the prestigious Forbes magazine, Mr. Ma Huateng's actual net worth as of February 24, 2018 is estimated at 50.1 billion USD. However, in the media, information about Mr. Ma Huateng is still little known. |
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Ma, 47, owns 8.6% of Tencent, and his company's stock price and personal net worth have more than doubled in the past year. |
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| Ma Huateng is nicknamed "Pony" to distinguish him from Jack Ma, founder of e-commerce company Alibaba, because both have the last name Ma (Ma). In contrast to Jack Ma's style, "Pony" Ma is particularly shy about interacting with the press and rarely gives interviews. |
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| In recent years, Ma Huateng and Alibaba boss Jack Ma have continuously taken turns holding the position of China's richest billionaire. Unlike Alibaba's boss's lively and talkative personality, Ma Huateng is a quiet, cautious and reserved person. |
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| The Tencent boss has pledged more than $2 billion to charitable causes in China in many areas, including health and education. |
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