Jack Ma replaced as China's richest by Tencent's Pony Ma
Thursday, 25 June 2020
NEW DELHI: 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 as Asia’s most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year. The rallies have propelled the wealth of their founders, with an added...
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