CEO of giant technology Chinese Tencent, Ma Huateng is again the richest man in China. This is because the company’s shares rose 7% on Thursday and closed at HK $ 654.
That way, in the Forbes Real-time Billionaires List report, Ma Huateng’s wealth rose by around US $ 4 billion to US $ 63.4 billion, quoted on Friday (2/4/2021).
The latest report, made Ma Huateng replace the position of CEO of Nongfu Spring, Zhong Shanshan. It is estimated that he has a fortune of US $ 62.9 billion.
Although the two bosses were fighting over the position of the first richest person, Nongfu Spring and Tencent shared quite the same bad luck from a financial perspective. For example, Nongfu Spring, which had experienced an increase in shares since last year’s IPO.
Nongfu Spring listed last September with HK $ 21.5 in Hong Kong. Four months later, January 8, to be precise, its shares rose to HK $ 66.6.
The increase was still happening on February 17 at HK $ 65.95. But after that, the good news never came to Nongfu Spring.
Shares Have Experienced Decline
The beverage company shares have decreased until now, for example last Wednesday to HK $ 38.75 and finally rose HK $ 40.15 the next day. Even so, Thursday’s close showed Nongfu Spring’s shares have declined 39% since 17 February.
Nongfu Spring reported its revenue decreased by 4.8% and to 22.9 billion yuan. Meanwhile, net profit rose 6.3% to 5.3 billion yuan.
Tencent had the same bad luck. Its shares have decreased since March 2 by 6.3%. It even reached 14% at the closing high of HK $ 761 on 10 February.
As for net profit, Tencent is quite happy with the 175% increase last year to 59.3 billion yuan. In addition, the income reached 133 billion yuan, up 26%.
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