Pony Ma, co-founder and CEO of China’s Internet giant Tencent, reportedly hit No. 1 at the 2013 Top-3000 Chinese Family Fortune List released by Money Week with 46.70 billion yuan, overtaking Baidu founder Robin Li, ranked second this time with 41.10 billion yuan (source in Chinese).

Pony Ma and Robin Li took the forth and the third spots on the list last year with 35.40 billion yuan and 38.60 billion yuan, respectively. The fortune of Pony Ma soared this year thanks to the sustainable growth in revenues and profits and the flagship WeChat business that helped push shares higher.

The operating revenue of Tencent surged 54 percent YOY to 43.90 billion yuan in 2012, while its net profits climbed 24.80 percent to 12.70 billion yuan during the same period. The market value of Tencent amounted to 455 billion yuan, leaping from several billion yuan when the company was listed at the beginning of 2004, according to statistics from Money Week.

Now it is widely-recognized that Tencent, Baidu and Alibaba Group have established their presence as three pillars in Chinese Internet market in terms of revenue and user base.

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.

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