Jack Ma replaced as China's richest by Pony Ma

Tencent Holdings Ltd’s $40 billion surge this week and the recent ascent of Pinduoduo Inc have reshuffled the ranking of China’s richest people. The country’s largest game developer has surpassed Alibaba Group Holding Ltd as Asia’s most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time.