Business Standard

From Pony Ma to Jack Ma, the rich win big with wild Hong Kong stocks

Tencent and Alibaba Group Holding, along with food-delivery giant Meituan and carmaker Geely Automobile Holdings, were among the stocks helping propel the rally.

Jack Ma
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Jack Ma’s public reappearance last Wednesday added $1.6 billion to his net worth

Venus Feng | Bloomberg
Pony Ma got $6.9 billion richer on Monday after one of the companies his Tencent Holdings backs revealed its IPO plans, while Jack Ma’s public reappearance on last 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, along with food-delivery giant Meituan and carmaker Geely Automobile Holdings, were among the stocks helping propel the rally. Their top

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