Ma Huateng

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This is a Chinese name; the family name is Ma.
Ma Huateng
马化腾
Born (1971-10-29) October 29, 1971 (age 43)
Chaoyang District, Shantou, Guangdong, China
Residence Shenzhen, Guangdong
Nationality Chinese
Alma mater Shenzhen University
Occupation Chairman of Tencent
Net worth Increase US$ 14 billion (2013)[1]
Website
qq.com

Ma Huateng (Chinese: 马化腾; pinyin: Mǎ Huàténg, born October 29, 1971 in Chaoyang, Guangdong), also known as Pony Ma, is a Chinese entrepreneur who founded Tencent Inc., one of the largest internet companies in China.[2][3] In 2007 and 2014[4] Time magazine called him one of the world's most influential people.[5] As of February 2014, he is the third richest person in China, and the 70th richest in the world, with an estimated net worth of US$ 14 billion, according to the Hurun Report Global Rich List.[1]

Career in Tencent[edit]

Ma, a graduate of Shenzhen University,[6] co-founded Tencent in 1998.[2] The company's first product, an instant message tool named Tencent QQ, became very popular in China. Tencent soon expanded to become "China's answer to AOL".[5] He currently holds the position of Chairman and CEO of Tencent Holdings, one of the top three Chinese internet companies along with Alibaba and Baidu. By the end of September 2012, Tencent's QQ instant messaging had achieved a total of 784 million active users, an increase of 10% from the previous year. Tencent's mobile messaging application, WeChat, has surpassed 200 million active users by the end of 2012.[7] Other diverse services include web portals, e-commerce, and multiplayer online games.[8] Online games such as Legend of Yulong and Legend of Xuanyuan boosted revenue by more than half, up to US$ 5.1 billion, with a US$ 1.5 billion profit margin.[7]

References[edit]

  1. ^ a b "Global Rich List". Hurun Report. 
  2. ^ a b Investing in China: The Emerging Venture Capital Industry Jonsson Yinya Li, Google Book Search
  3. ^ Tencent Tencent official site
  4. ^ http://time.com/time100-2014/?pcd=hp-magmod
  5. ^ a b Biographical Dictionary of New Chinese Entrepreneurs and Business Leaders, Pg. 111 Ilan Alon and Wenxian Zhang. Edward Elgar Publishing, 2009. Google Book Search.
  6. ^ "Introduction of Shenzhen University". Shenzhen University. Retrieved 2010-10-28. 
  7. ^ a b [1], Profile of Ma Huateng on Forbes, 2013.
  8. ^ Tencent, More Than QQ Instant Messaging In China thechinaobserver.com, January 2009