The Beijing News On October 10th, Hurun Research Institute released the 2019 Hurun Report. Among them, Ma Yun became the richest man in China for the third time with a wealth of 275 billion; Ma Huateng’s wealth rose by 20 billion, returning to the second place with 260 billion.
Ma Yun, who just retired at the age of 55, became the richest man in China for the third time this year with a wealth of 275 billion yuan. As of September this year, Alibaba’s market value was 3.3 trillion yuan. In fiscal year 2019, Alibaba achieved revenue of nearly 400 billion yuan, a year-on-year increase of 51%. Ali continued to make a large number of acquisitions this year. For example, in September, it acquired koala, a cross-border e-commerce platform of Netease, for 14 billion yuan and led Netease Cloud Music; In July, it acquired 49% equity of Deyin Derun held by Deyin Holdings, the major shareholder of Shentong Express, at a price of nearly 5 billion yuan. Zhang Yong, the 48-year-old new head of Ali, ranks among the top 1,000 on the list with a wealth of 4.6 billion yuan.
Ma Huateng, 48, ranked second with 260 billion yuan. Tencent achieved a total revenue of nearly 180 billion yuan in the first half of this year, an increase of 18% year-on-year. As of September this year, Tencent’s market value reached RMB 3 trillion, making it the second largest company in China. Since 2008, more than 60 of the 700 enterprises invested by Tencent have been listed successfully, among which Betta and Futu Securities have been listed in the last year. Recently, Ma Huateng said that the investment in Tencent’s western cloud computing data center will exceed 10 billion yuan. Zhang Zhidong, co-founder of Tencent, ranked 13th on the list with a wealth of 105 billion this year.
Editor Wang Yu