Internet billionaires account for five of China’s 10 richest people, with Alibaba founder Jack Ma now the country’s richest person following his company’s listing in the biggest initial public offering in history last Friday.
The rise of Chinese technology titans saw three of them, led by Mr Ma, enter the top 10 list for the first time, according to the annual Hurun Report Rich List, one of the most accurate snapshots of wealth in the country.
The other two new entrants were Lei Jun, founder of smartphone maker Xiaomi, and Richard Liu Qiangdong, founder of online retailer JD.com.
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