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.