Richest Chinese Man. Ma Huateng, also known as Pony, surpassed Alibaba’s Jack Ma to become the country’s richest man, according to Forbes‘ billionaires’ list.Pony Ma is the founder and CEO of internet company Tencent, which operates the super-popular WeChat app. 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.Tencent is the company behind WeChat, a multi-purpose app which is like a mixture of WhatsApp, Google News, Uber, and Deliveroo. It has around a billion users. Ma is currently the company’s largest individual stakeholder, with a 8.71% interest in the company, Quartz reported.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.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.
For more news updates Follow and Like us on Facebook