Who is China’s Richest Man?

According to Forbes billionaire’s list, Ma Huateng, the CEO of Tencent, recently surpassed Alibaba’s Jack Ma to become China’s richest man. Tencent operates the WeChat app, which is hugely popular in China. He also became the 18th richest person in the world after his company’s stock price jumped 3%, leaving Jack Ma ranking 20th. Jack Ma quickly undid this switch after Alibaba’s shares rose suddenly.