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Tencent boss Pony Ma loses $14 billion in crackdown, more than Jack Ma

While Pony has long had a reputation for staying out of the limelight, that hasn't shielded his company from penalties including antitrust fines and the loss of exclusive music streaming rights

Topics
tencent | Ant Group | China

Venus Feng | Bloomberg 



Pony Ma, Tencent
Pony Ma now ranks third on the China rich list behind Jack, who has a net worth of $47.8 billion

Turns out even the most compliant Chinese billionaires aren’t immune to the regulatory onslaught sweeping the world’s second-largest economy.

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First Published: Wed, August 04 2021. 11:21 IST

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