Pony Ma: TENCENT HOLDINGS
Pony Ma may be one of China's most eligible bachelors. Only 33, the tech entrepreneur has a $190 million fortune. But Ma is embarrassed by the text messages he has received from lovelorn Chinese girls. "I don't want to attract too much attention," he says. That's hard to avoid these days. Ma is the founder and CEO of Tencent Holdings, which operates China's largest instant-messaging service, with 355 million users. In June, Tencent made an IPO in Hong Kong. While many recent China issues have flopped, Tencent shares are up 58%. Ma quit his job at a paging company in 1998 and, with four friends and total combined savings of $120,000, started the company. Ma did just about everything himself, from designing websites to mopping the floor. Tencent's break came in 1999, when it launched its QQ instant-messaging service. Today, despite competition from Yahoo! and Microsoft, QQ boasts 74% market share in China. Profits rose 44%, to $40 million, in the first nine months of this year. But Ma hasn't abandoned his tech-geek lifestyle--except for one thing: "I don't sweep the floors anymore," he says with a laugh. --By Michael Schuman/Hong Kong
Most Popular »
- The Growing Backlash Against Overparenting
- Prehistoric Super-Crocodiles May Have Dined on Dinosaurs
- Amid Concern About India's Lost Clout, Singh Comes to Washington
- Woman Loses Benefits over Facebook Photo
- Toilets
- The Fall of Greg Craig, Obama's Top Lawyer
- Can the A380 Bring the Party Back to the Skies?
- Why Exercise Won't Make You Thin
- Troubling Rise of Facebook's Top Game Company
- Man in Coma Heard Everything for 23 Years
- The Growing Backlash Against Overparenting
- Prehistoric Super-Crocodiles May Have Dined on Dinosaurs
- Man in Coma Heard Everything for 23 Years
- The Fall of Greg Craig, Obama's Top Lawyer
- U.N.: More Children in School, Fewer Dying
- Female Sexual Dysfunction: Myth or Malady?
- Troubling Rise of Facebook's Top Game Company
- Waffles
- Blackface Filmmaker Sparks a Race Debate in Germany
- Can the A380 Bring the Party Back to the Skies?








RSS