![]() Harold Hamm bought more shares in the shale-drilling company he controls as oil prices recover from their historic plunge. Harold Hamm added $57.1m of shares in Continental Resources, where he’s executive chairman. Tencent shares are up 31 per cent this year while Alibaba has advanced by just 6.9 per cent. Later that year, Alibaba went public in the US, boosting Jack Ma’s fortune. He overtook property tycoon Wang Jianlin as China’s second-richest person in 2013 and topped Baidu’s Robin Li as the wealthiest in early 2014. At the time, the company focused on instant messaging services. Mr Pony studied computer science at Shenzhen University and was a software developer at a supplier of telecoms services and products before forming Tencent with four others in the late 1990s. That has been a boon for Mr Pony who owns a 7 per cent stake in the company and pocketed about $757 million from the sale of about 14.6 million Tencent shares this year. “Tencent’s online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst. ![]() Since then, the stock has almost doubled, and last month the company reported a 26 per cent jump in first-quarter revenue. Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Billionaire Hinduja brothers in UK court battle over £16bn assets ![]()
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