Relevant Competitive Tests:
In June, 2020 who became the richest man of China, replacing Jack Ma for the top spot?
A. Zheng Hai
B. Pony MaCorrect Answer
C. Le Xin
D. Bang Won
Correct Option: B. Pony Ma
Detailed Explanation & Reference:
PUBG Owner Pony Ma Beats Alibaba’s Jack Ma To Become China’s Richest Person. Just this week, the gaming giant bagged an increase of $40 billion, reshuffling its co-founder, Pony Ma as the richest man in China. Tencent’s Pony Ma now stands 1st with a worth of $50 billion, pushing Alibaba’s Jack Ma’s $48 billion fortune to the second spot. In 2018, China had put a hold on the approval process for new games. This hampered the performance of Tencent to a great extent. However, the stocks almost doubled since then. Just last month, the tech giant reported a 26% jump in first-quarter revenue.
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