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Meituan CEO who beat Jack Ma gets $10B for next fight Coco Liu and Shiyin Chen, Bloomberg News Wang Xing , Bloomberg News The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd. is turning into one of the great rivalries in Chinese business. While Alibaba is the dominant force in e-commerce with a global reputation, Wang, a generation younger, has built Meituan into a fearsome rival, the world’s largest delivery empire with ambitions to encroach on Alibaba’s home turf. ...

WhatsApp CHINA’S TECH tycoons have not been themselves lately. In early March, at the annual session of China’s rubber-stamp parliament, Pony Ma called for stricter regulation of Tencent, the $700bn online empire he founded. Days later a rising star, Simon Hu, left his post as chief executive of Ant Group, a huge financial-technology firm affiliated with Alibaba, an e-commerce titan. Shortly after that Colin Huang stepped down as chairman of Pinduoduo, rattling investors still celebrating his upstart e-emporium’s recent announcement that it had overtaken Alibaba measured by the number o...

From Pony Ma to Jack Ma, the Rich Win Big With Wild H.K. Stocks Bloomberg 1/26/2021 Venus Feng (Bloomberg) -- Pony Ma got $6.9 billion richer on Monday after one of the companies his Tencent Holdings Ltd. backs revealed its IPO plans, while Jack Ma’s public reappearance Wednesday added $1.6 billion to his net worth. Even though the Hong Kong market has proved particularly volatile lately -- the benchmark Hang Seng Index gave up all of of its Monday gain on Tuesday -- it’s been one of the world’s highlights this month. Tencent and Alibaba Group Holding Ltd., along with ...

From Pony Ma to Jack Ma, the rich win big with Hong Kong stocks File photo. Ma Huateng, also known as Pony Ma’s $18.6 billion wealth surge this month is the biggest after Elon Musk’s.Premium 2 min read . Updated: 26 Jan 2021, 08:43 AM IST Bloomberg While Hong Kong’s economy got badly hit from the coronavirus crisis and a political crackdown, money has kept flowing to the city Tencent and Alibaba Group Holding Ltd., along with food-delivery giant Meituan and carmaker Geely Automobile Holdings Ltd., were among the stocks helping propel the rally Share Via Read Full Story Pony Ma got $6....

Amid China's scrutiny, Jack Ma's wealth falls nearly $11 billion in two months: Report China has begun an investigation into suspected monopolistic activities by Alibaba, which hurt the company's Hong Kong-listed shares. December 30, 2020 / 01:27 PM IST Alibaba co-founder Jack Ma has lost nearly $11 billion of his wealth since the end of October, after China increased scrutiny on the e-commerce giant. Ma's net worth has slipped to $50.9 billion from a peak $61.7 billion, making him the 25th richest person in the world, as per the Bloomberg Billionaires Index. China on December 24 began...