Despite COVID-19, China has continued to have more billionaires in USD

According to Forbes, in the list of the 5 richest people in mainland China 2020, there are 3 billionaires in technology. They are Jack Ma – the founder of Alibaba with total assets of 40.6 billion USD, Pony Ma – the chairman of Tencent’s CEO 46.9 billion USD and Colin Huang – founder of e-commerce startup Pinduoduo 23.6 billion. USD. The number of billionaire’s assets is calculated as of May 2, 2020.

In the past week, China continued to record a new billionaire in the field of technology.

China has more new billionaires during the pandemic. (Image: Bloomberg)

According to Forbes, Tan Guanghua (35), president of Hangzhou Raycloud Technology Company, backed by Alibaba, officially joined the billionaire group when the company was listed on the Shanghai Stock Exchange. Hai on April 29.

Ending the session on 30/4, Tan Guanghua owns 49% stake of Raycloud worth 1.2 billion USD. Alibaba indirectly owns a 4% stake. Raycloud specializes in developing and selling software products, providing solutions to improve the efficiency of business management. Currently, the company is mainly engaged in e-commerce software marketing, data analysis and other products.

China has the second largest number of billionaires in the world, after the US. Tan Guanghua was the third person to become a billionaire in less than two weeks in the context of the COVID-19 pandemic, which caused great damage to the country’s economy.

Earlier, on April 17, Mr. Luo Yangyong – Chairman of ichuan Anning Iron & Titanium, also became a billionaire. The mining company’s share price rose 44% when it went to Shenzhen, raising Mr. Huang’s personal wealth to $ 1.7 billion.

On April 27, Forbes reported, businessman Huang Shan – Chairman of Shenzhen Fortune Trend Technology, became a new Chinese billionaire with a net worth of 1.3 billion USD.