China has been the dominant market for trade for decades and
the market keeps expanding each year with the increase in demand. The
development of every industry from retail to automobile has made room for
budding entrepreneurs to fulfill their dreams. With the rise in business
relation China has witnessed the success of some influential personages who
have not only acquired a renowned position in the country but across the globe.
They are the leading business tycoons of the country who have added value to
the self-made billionaire population.
Business Tycoons in China
1) Huateng Ma
Huateng Ma, also known as Pony Ma is the son of a port
manager, Ma studied computer science at Shenzen University before starting his
career in telecommunications. He is the founder of Tencent, China’s largest
internet service provider. Tencent owns a substantial portfolio of alternative
business ventures. He founded the company in 1998 which now one of largest
internet companies in the world and counts social networks, e-commerce, payment
systems and games among its services. With a net worth of $36.9 billion, Pony
Ma is the richest business magnate in the country.
2) Jack Ma
Jack Ma was born in 1964 in Hangzhou, Zheijang province. He
began his career as a teacher and famously faced tons of job rejections after
which he launched Alibaba in in 1999 as a Chinese ecommerce site reminiscent of
Amazon or eBay. It soon found popularity as a place for Chinese factories
to offer their products in bulk worldwide making the company the world’s
largest retailer and one of the largest technology companies globally. With a net
worth of $35.6 billion, Jack Ma has retained a promising position in the
industry as an influential business leader.
3) Hui Ka Yan
4) Wang Jianlin
5) Yang Huiyan
6) Ding Lei
7) Li Hejun
Li earned a bachelor’s degree in mechanical engineering from Beijing Jiaotong University in 1988. He founded Hanergy in 1989 with 50,000 RMB (around $8,000) borrowed from his college teacher, according to the company’s website. Today, the company is a renewable energy giant which specializes in thin film solar power. Hanergy also runs one of the world’s largest hydroelectric power plants. With a net worth of $15.5 billion, Li is a leading business tycoon in China.