Friday, 24 March, 2023

Tencent's Pony Ma loses $14 bn, ranks third on China's wealthy list

<p>Tencent&#39;s stock dropped the most in a decade after state media attacked its gaming division. Since the Ant IPO was halted in Nov, Pony Ma&#39;s fortune has plummeted by about $14 bn. Behind Jack Ma, who has a net worth of $47.8 bn, he now ranks third on the China wealthy list. Tencent has already taken steps to appease Beijing, promising to limit children&#39;s playtime and mooted the idea of outright prohibiting games for those under the age of 12.</p>