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
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