His wealth comes from being the chairman of … Net worth: $16.6 billionSource of wealth: Internet portalChinese Internet tycoon Ma Huateng, also known as Pony Ma, cofounded Tencent Holdings in 1998. Email: ywywyuewang@gmail.com Twitter: @yueyueyuewangOpinions expressed by Forbes Contributors are their own. Here are 10 lesser-known things about this self-made billionaire. Ma Huateng (Chinese: 马化腾; pinyin: Mǎ Huàténg, born on October 29, 1971), also known as Pony Ma, is a Chinese business magnate, investor, politician, and member of the Chinese Communist Party.

Prior to Beijing, I spent six months as an intern at TIME magazine's Hong Kong office. When Ma’s father, Ma Chenshu, got a job as a port manager in Shenzhen, Ma, accompanied him at a very early age. He is the founder, chairman and chief executive officer of Tencent.. References In 2000, Ma turned to US investment firm IDC and Hong Kong's telecom carrier Pacific Century CyberWorks (PCCW) who bought 40 percent of Tencent's shares for $2.2 million.After the AOL case, Ma decided to expand the business portfolio of Tencent. He has a net worth of $39.7 billion. Ma Huateng transferred $2 billion of shares from Tencent to his charitable foundation in 2016. Ma Huateng (Chinese: 马化腾; pinyin: Mǎ Huàténg, born on October 29, 1971), also known as Pony Ma, is a Chinese businessman, investor, politician, and philanthropist. His leadership style may be a bit of a surprise to some. 1.5K likes. With the COVID-19 pandemic still forcing people to remain at home in many countries, and with new in-game features, revenue from the company’s hit game A young boy plays PUBG on his mobile phone at a restaurant in New Delhi on May 3, 2019.Tencent also needs to come to grips with dwindling advertising spending as companies will be hit by the looming recession. He was listed among the best CEOs in the world in 2019 by a business magazine, Barron's. Jack Ma now become the 2nd richest person in China. Unknown to many, Tencent also has investments in other companies which started as startups such as Spotify, Snap Inc., and Tesla. Ma Huateng was ranked 20th in Forbes’s 2019 list of Richest People in the World.

Ma Huateng is now the richest man in China and the 14th richest man in the world. Ma-Huateng. He studied at Shenzhen University in 1989 and then graduated in 1993 with a Bachelor of Science in computer science. Tencent Holdings has currently declared China’s largest game developer. With schools and offices reopening amid a gradual easing of lockdown restrictions, people will spend less time on games.What’s more, the prolonged economic recovery from China’s GDP contraction of 6.8% in the first quarter will also likely make consumers pull back spending. ZHENGZHOU, CHINA - MARCH 23: (CHINA OUT) Chairman and CEO of Tencent Pony Ma Huateng delivers a speech during the cooperation signing ceremony of … Even though he shows some quirky side of him when it comes to leadership, Ma Huateng continues to set an example as to how a CEO should run a billion-dollar worth company.

Ma Huateng was born on 29 October 1971, in Shantou, China. Ma Huateng was ranked 20th in Forbes’s 2019 list of Richest People in the World. Its chief executive, Ma Huateng, is now worth more than the founders of Google, Larry Page and Sergey Brin, according to Forbes. The company controls China's biggest mobile instant messaging service and its subsidiaries pro… But as the country gradually ease social-distancing measures, Tencent faces uncertainties down the road and could give up its recent gains.Defying China’s suppressed consumption and broader economic slump, Tencent beat market expectations by posting a 31% jump in revenue from its gaming business, its biggest source of income, in the first quarter.“Our platforms and products have never been more needed and relevant as users stay at home,” Tencent’s Ma, who founded the company and serves as its chairman and chief executive officer, said during an analyst call on Wednesday.But analysts see the boon as temporary. Like other gaming and internet companies around the world, Tencent saw demand for its services soar between January and March, when China was in a lockdown to contain the spread of the coronavirus. The tech giant said in a filing that it expects “game playing time and in-game consumption activity to largely normalize industry-wide as people return to work.”Offsetting the downside in China is strong growth abroad. He then worked in research and development for … This, coupled with a lack of major new game releases so far, will probably cause a fall in games growth this quarter compared to the first quarter, says Cui Chenyu, a senior research analyst at Omdia.“In the second quarter, growth in China won’t be very obvious,” Cui says. Prior to Beijing, I spent sixI am a Beijing-based writer covering China's technology sector.

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