Pony Ma Huateng

The owner of a real estate company has become the richest person in China with a $36.7 billion net worth, overtaking Alibaba co-founder Jack Ma, it was reported today. Evergrande Group owner Xu Jiayin's fortune of about $42.5 billion put him ahead of Jack Ma ($35.4 billion) and Tencent founder Pony Ma Huateng ($35.3 billion), reported the Efe news.

Chinese billionaire Pony Ma Huateng, the founder of internet group Tencent, on Friday said his company would donate 2 per cent of its annual profit to charity and flagged growth in the use of mobile internet in China's philanthropy sector.

The owner of a real estate company has become the richest person in China with a $36.7 billion net worth, overtaking Alibaba co-founder Jack Ma, it was reported today. Evergrande Group owner Xu Jiayin's fortune of about $42.5 billion put him ahead of Jack Ma ($35.4 billion) and Tencent founder Pony Ma Huateng ($35.3 billion), reported the Efe news.

Chinese billionaire Pony Ma Huateng, the founder of internet group Tencent, on Friday said his company would donate 2 per cent of its annual profit to charity and flagged growth in the use of mobile internet in China's philanthropy sector.