Pedestrians walk along the Bund in Shanghai on December 28 with the city’s financial district in the background. Photo: Bloomberg
Pedestrians walk along the Bund in Shanghai on December 28 with the city’s financial district in the background. Photo: Bloomberg
Jack Ma

China’s top 10 tycoons add US$100 billion of wealth while Alibaba, Tencent and Meituan founders surrender US$29 billion in market’s worst year since 2008

  • A 68 per cent rally in Tesla battery supplier CATL has enriched founder Zeng and a group of top executives
  • The founders of Alibaba, Tencent and Meituan, the trio at the centre of China’s tech crackdown, lost a combined US$29 billion

Topic |   Jack Ma
Pedestrians walk along the Bund in Shanghai on December 28 with the city’s financial district in the background. Photo: Bloomberg
Pedestrians walk along the Bund in Shanghai on December 28 with the city’s financial district in the background. Photo: Bloomberg
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