![Ma Huateng, chairman and chief executive officer of Tencent Holdings Ltd., speaks during a news conference in Hong Kong, China, on Thursday, March 21, 2019. Tencent posted a quarterly profit that missed analysts’ estimates after it spent heavily on cloud and mobile payments businesses to offset a gaming slowdown. Photographer: Justin Chin/Bloomberg](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/LNA7OI2HVUOJU54PVKIYMQUTTI.jpg?smart=true&auth=62212ebb1d7bf19e978103d31cbc28c48f2e72d0f00cd51b06ac22d197e22350&width=400&height=225)
Billionaires: Tencent’s Pony Ma dethrones Jack Ma as China’s richest
In our fortnightly roundup, the tech company’s stock surge has reshuffled the country’s wealthiest ranking and Harold Hamm buys $57m worth of shares in his shale drilling company
![The National](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Fthenational%2F9e2159fa-e4db-4215-b498-6b3607b75bee.png?smart=true&auth=cf728de2f2d93afc214682199f23d53c844677eb59567fe99abdb1c7e9f03161&width=70&height=70)
28 June, 2020