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He is one of the big losers in the offensive that Beijing is driving against the booming tech industry in the country:
Colin Huang
, founder of the e-commerce platform Pinduoduo, had to watch his wealth shrink by almost 16 billion dollars since the beginning of July alone - that was about a third after all.
At the end of June, the Chinese ride-sharing platform Didi Chuxing went public, contrary to signals from Beijing.
A "regulatory firestorm" followed, as the "Financial Times" writes: The shares of the country's tech industry slipped, the tech tycoons of the People's Republic have since lost $ 87 billion, according to the newspaper's calculations.
Photo: imago images / VCG
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Should the communist party leadership in Beijing be a thorn in the side of individual tech entrepreneurs, the accumulation of enormous billions in fortunes, a redistribution would have succeeded at least in part.
Ma Huateng
, also known as
Pony Ma
, the head of the Internet company Tencent,
is also suffering
.
His fortune has been decimated by twelve billion dollars or 22 percent since the beginning of July, according to "FT".
As a result, Ma slipped from second to third in the Chinese Empire Ranking.
Photo: Bobby Yip / REUTERS
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Since then, the new second richest man in China has been
Jack Ma
, founder of the online retail group Alibaba.
The once richest Chinese only had to worry about a loss of assets of 2.6 billion dollars since the beginning of July.
Overall, Ma did not get off lightly: The Alibaba founder was targeted by Beijing much earlier, since the authorities prevented the Alibaba subsidiary Ant Group from going public in November last year, so Ma’s private assets fell by almost 13 billion dollars the "FT".
Photo: Yuya Shino / REUTERS
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Also are among the losers of billions of dollars in share value in recent weeks
William Ding
, founder and head of the Internet company NetEase, and ...
Photo: VCG / VCG via Getty Images
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...
He Xiangjian
, founder of the electrical appliance manufacturer Midea Group.
Photo: VCG / VCG via Getty Images
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On the other hand, there are also the super-rich in China, which Beijing - at least for now - is letting it go.
Above all, this includes entrepreneurs in industries that are favored by those in power, such as the construction of electric cars or the generation of energy from renewable sources.
As a result, investors apparently consider the shares of the companies in question to be less risky.
According to the Bloomberg Billionaires Index
, the fortune of
Li Shufu
, founder of the car maker Geely, has increased by almost ten billion dollars to around 32 billion dollars since the beginning of the year.
Photo: HANNIBAL HANSCHKE / REUTERS
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Wang Chuanfu
, head of the car and battery manufacturer BYD, can look forward to an increase in assets of more than 25 billion dollars - he is now one of the ten richest Chinese.
Photo:?
Bobby Yip / Reuters / REUTERS
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The richest Chinese with a fortune of around 72 billion dollars is currently
Zhong Shanshan
, head of the mineral water company Nongfu Spring.
His fortune has also grown rather than shrunk in the past few weeks.
Photo: STR / AFP
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