Advertisement
Tech giants Alibaba, Tencent and Baidu dominate China’s rich list as blockchain firms rise
Alibaba’s Jack Ma returns to the top of the Hurun Rich List, with Xiaomi’s Lei Jun making his first appearance in the top 10
Reading Time:3 minutes
Why you can trust SCMP
0

This article originally appeared on ABACUS
The family of Alibaba founder Jack Ma reclaimed the top spot after four years as China’s richest on the 2018 Hurun Rich List -- China's most-cited list of its wealthiest people.
(Abacus is a unit of the South China Morning Post, which is owned by Alibaba.)
The Alibaba founder isn’t the only tech giant on the list. Tencent’s Pony Ma, Baidu’s Robin Li and his wife, and Xiaomi’s Lei Jun are respectively ranked second, ninth and tenth.

That’s the overall top ten. Let’s take a closer look at the notable tech names on the rich list.
1) Jack Ma & family (Alibaba)
Following the revaluation of Ant Financial, an affiliate of Alibaba, Jack Ma and his family's wealth increased by US$10 billion to a whopping US$39 billion this year. The last time the 54-year-old billionaire topped the list was four years ago.
Advertisement