Jack Ma of Alibaba richest IT man for second year running with US$21.1bn, ahead of
Pony Ma of Tencent
Lei Jun of Xiaomi overtakes Robin Li of Baidu for third spot
Leading private equity house ChinaEquity title sponsor of Hurun IT Rich List 2015

Jack Ma, 51, of Alibaba is China richest IT tycoon for the second time with US$21.1bn,
followed by ‘WeChat King’ Pony Ma Huateng, 44, US$16.1bn. Lei Jun of Xiaomi, 46,
doubles wealth to overtake Robin Li Yanhong for first time to third place with US$14bn.

IT is the fastest-growing source of wealth for China. 11.2% of the Hurun Rich List made
their money from IT, up from 7.8% last year. ‘Stock Trading King’ Qi Shi of Eastmoney,
45, shot into the Top 10 for the first time, after five-fold increase in his wealth.

Cut-off to make the Top 50 shot up 72% to US$1.3bn, twenty times that of a decade
ago and four times that of 5 years ago. This meant that the likes of Ren Zhengfei of Huawei,
Yang Yuanqing of Lenovo, as well as rising stars such as Cheng Wei of Didi Kuadi, Wang
Xing and Zhang Tao of Meituan and Dianping did not make the cut.

Youngest billionaires. 4 of the Top 50 are born in the eighties, led by ‘Drone King’ Frank
Wang Tao, 35, of DJI-Innovations with US$3.4bn, He Zhitao of Liaison Interactive, 33,
Lin Qi of Youzu, 34, and Yu Xin of Rapoo.

New Faces. There were 12 new faces, 3 less than last year. Zhou Guohui of Eternal
Asia was the highest-ranked new face, shooting straight into 13th place with US$4.06bn.

Headquarters. Shenzhen and Beijing are the IT capitals of China, with 14 and 13
respectively, followed by Hangzhou on 6, which overtook Shanghai.

Birthplace. Those born in Guangdong took back their crown with 7 individuals on the Top
50, 3 more than last year, pushing those born in Zhejiang and last year’s champions Anhui,
into second and third places.

Sub-sector. Software and information services led the way, with 12, one more than last
year, led by Qi Shi. E-commerce overtook online games to come in second, with 8.

Only 5 of the Top 50 have been on the IT Rich List for 13 consecutive years, led by
the BAT founders, as well as Wang Wenjing and Ding Lei. Jack Ma’s wealth has shot
up 500 times since the first IT list in 2003.
Chen Tianqiao dropped off the IT Rich List
for the first time, after selling his business and cashing out a billion dollars.

Political appointment. 5 are either delegates to the 12th National People’s Congress (3
individuals) or the CPPCC (2 individuals), slightly less than the 11.3% average of the Hurun
China Rich List 2015. NPC: Lei Jun, Wang Wenjing and Pony Ma Huateng. CPPCC: Li
Yanhong and Wang Jia. Jack Ma is a conspicuous absentee.

Women. 17 women made the list, 3 more than last year.

Social Network Influence. Jack Ma has almost 20 million fans on Weibo, while Lei Jun
and Zhou Hongyi have 10 million each.
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
Leading private equity house ChinaEquity Group is title sponsor of the IT Rich List for
the first time.
(23 October 2015, Beijing) Following on from the release of the Hurun Rich List 2015 on 15
October, the Hurun Research Institute today released the ChinaEquity Hurun IT Rich List 2015,
a ranking of the 50 most successful IT entrepreneurs in China. 2015 is the 13th edition of the IT
Rich List, which only takes into account wealth held today in China’s IT sector. Wealth
calculations are a snapshot of 14 August 2015.
This is a summary of the Chinese language press release, which can be found on
http://www.hurun.net/CN/ArticleShow.aspx?nid=14686
Rupert Hoogewerf, Hurun Report Chairman and Chief Researcher said, "China’s IT giants are
now moving towards global leadership in their sectors, not just because of the scale possible
in a country of 1.3 billion, but also because of the innovation and leadership of the entrepreneurs
behind companies like Alibaba and Tencent. I am delighted to put out the IT Rich List 2015 in
association with ChinaEquity Group, a leading promoter of China’s IT sector for the past decade
and more.”
Wang Chaoyong, Chairman of ChinaEquity said, “IT has played a transformational role in the
image of China, with the likes of BAT [Baidu, Alibaba and Tencent] now representing China at
the international table and a host of young IT entrepreneurs following on behind. I am delighted
to partner with Hurun Report, the world’s leading expert on Chinese entrepreneurship, on this
year’s IT Rich List.”
Top 10
Average wealth of the Top 10 doubled. Lei Jun overtook perennial Top 3 player and a former
Number One on the IT Rich List Robin Li of Baidu to third spot.
New entries into the Top 10
were Wang Jing of Xinwei and Qi Shi of Eastmoney. It is worth pointing out that between the
cut-off date of mid-August and today, Wang, who is best-known for his commitment to building
a canal in Nicaragua in competition to the Panama Canal, has seen his wealth decrease by
40%.
At 51, Jack Ma is the oldest of the Top 10. Ma lost his crown of Richest Man in China to real
estate tycoon Wang Jianlin this year on the Hurun Rich List, mainly due to a drop in the share
price of Alibaba but propped up by the continued rise of Ant Financial, the mother company of
online payments giant Alipay. Ant Financial is warming up to become one of the most
anticipated listings of the next year, after a further investment round in July valuing it US$45bn.
Ma was appointed business advisor to the UK Prime Minister a couple of days back.
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Change
Wealth
Name
in
US$m
Company
Age
Headquarters
51
Hangzhou
44
Shenzhen
46
Beijing
Wealth
Alibaba,
1-
Ma Yun & family
21,100
-5%
Ant
Financial
2-
Pony Ma
16,100
4%
3↑
Lei Jun
14,000
129%
11,900
-28%
Baidu
47, 45
Beijing
4↓
Li Yanhong &
Ma Dongmin
Tencent
Xiaomi
Technology
5↑
William Ding
7,300
48%
Netease
44
Guangzhou
6↓
Liu Qiangdong
6,700
-17%
JD
41
Beijing
7*
Wang Jing
6,200
354%
43
Beijing
7↑
Jia Yueting
6,200
108%
Letv
42
Beijing
9↓
Zhang Zhidong
5,800
9%
Tencent
43
Shenzhen
10 *
Qi Shi & family
4,500
494%
Eastmoney
45
Shanghai
Xinwei
Telecom
Source: ChinaEquity Hurun IT Rich List
↑ Rank increase yoy
↓ Rank decrease yoy
- No Rank change yoy
* New to top 10
12 New faces
Wealth
Rank
Name
13
Zhou Guohui
4,060
Eternal Asia
16
Wang Tao
3,400
DJI-Innovations
3,000
Kunlun Tech
18
Zhou Yahui &
Li Qiong
US$m
Company
Industry
Headquarters
Age
Guangdong
50
Drones
Guangdong
35
IT
Beijing
38, \
Software
Zhejiang
45
Beijing
59
Supply-chain
management
Hithink
25
Yi Zheng
2,100
RoyalFlush
Information
Network
27
Geng Diangen
2,000
Chen
35
Chichang &
Lin Xiaoya
1,600
Sinnet
Technology
Qtone
Education
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Internet
integrated
services
TMT
Guangdong
44,
43
37
Wang Jia &
Yan Li
1,560
venustech
IT
Beijing
48,
47
Audio
37
Xiao Fen
1,560
Fenda
technology,
Guangdong
53
IT
Fujian
57
TMT
Guangdong
IT
Zhejiang
33
IT
Shanghai
72
electronic
40
46
49
50
Hu Gang
Tang Jian &
Liu Cuiying
He Zhitao
Chen
Baozhen
1,550
Newland Group
Jieshun
1,330
Science and
Technology
1,280
1,270
Liaison
Interactive
ChinaNetCenter
59,
58
Source: ChinaEquity Hurun IT Rich List
Headquarters & Birthplaces
Headquarter
Number of indiv.
Number of indiv.
Birthplace
(Change yoy)
(Change yoy)
1-
Guangdong
19 (+1)
1↑
Guangdong
7 (+3)
2-
Beijing
13 (-3)
2↑
Zhejiang
6 (+1)
3↑
Zhejiang
6 (+2)
3↓
Jiangsu
5 (-1)
4↓
Shanghai
5 (-1)
3↓
Anhui
5 (-2)
5↓
Jiangsu
2 (-2)
5↓
Hubei
2 (-1)
6-
Xinjiang
1 (0)
5↓
Shanxi
2 (-1)
6-
Shandong
1 (0)
5↑
Shandong
2 (0)
6-
Anhui
1 (0)
5↑
Shanghai
2 (0)
6-
Henan
1 (0)
9↓
Sichuan
1 (-1)
6*
Fujian
1 (+1)
9↑
Hunan
1 (0)
9↑
Jiangxi
1 (0)
9*
Fujian
1 (+1)
9*
Yunnan
1 (+1)
9*
Beijing
1 (+1)
Source: ChinaEquity Hurun IT Rich List
↑ Rank increase yoy ↓ Rank decrease yoy
- No Rank change yoy
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※ New on the list
13 consecutive years on the list
Only five individuals have made the list for 13 years consecutively. Ding Lei of Netease, who
has the first IT entrepreneur in China to head the Hurun Rich List in 2003, has only grown six
fold in the same space of time.
Name
Wealth in 2015 (US$m)
Increase multiple
1
Ma Yun & family
21,100
540
2
Pony Ma
16,100
147
3
Li Yanhong
11,900
190
4
William Ding
7,300
6
5
Wang Wenjing
3,800
44
Source: ChinaEquity Hurun IT Rich List
Largest market caps
Company
Market Value (US$bn)
1
Alibaba
185
2
Tencent
173
3
Baidu
130
4
Xiaomi Technology
45
4
Ant Financial
45
Source: ChinaEquity Hurun IT Rich List
Historical stats
Jack Ma is the fifth person to hold the crown of Richest Tech Tycoon in China for two years
running. The others being Ding Lei, Chen Tianqiao, Li Yanhong and Ma Huateng.
Year
Number of indiv.
Number one
2003
50
William Ding
2004
50
Chen Tianqiao
2005
53
Chen Tianqiao
2006
50
William Ding
2007
50
Li Yanhong
2008
50
Li Yanhong
2009
50
Pony Ma
2010
51
Li Yanhong
2011
51
Li Yanhong
2012
52
Li Yanhong
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2013
50
Pony Ma
2014
53
Jack Ma & family
2015
50
Jack Ma & family
Source: ChinaEquity Hurun IT Rich List
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ChinaEquity Hurun IT Rich List 2015
Rank
Change
in Rank
1
0
2
0
3
2
Wealth
Name
US$m
Ma Yun &
Change
in
Company
Industry
Headquarters
Age
IT
Zhejiang
51
Tencent
IT
Guangdong
44
Xiaomi
Mobile
Technology
investments
Beijing
46
Wealth
Alibaba,
Ant
21,100
-5%
Pony Ma
16,100
4%
Lei Jun
14,000
129%
11,900
-28%
Baidu
IT
Beijing
7,300
48%
Netease
IT
Guangdong
44
6,700
-17%
JD COM
E-commerce
Beijing
41
family
Financial
phone,
Li Yanhong
4
-1
&
Ma
Dongmin
William Ding
47,
45
5
2
6
-2
7
19
Wang Jing
6,200
354%
Xinwei Telecom
Telecoms
Beijing
43
7
2
Jia Yueting
6,200
108%
Letv
Telecoms, IT
Beijing
42
9
-3
5,800
9%
Tencent
IT
Guangdong
43
10
39
4,500
494%
Eastmoney
Shanghai
45
4,300
129%
Beijing
53, \
Liu
Qiangdong
Zhang
Zhidong
Qi
Shi
&
family
Li Zhongchu
11
5
&
Jiao
Meirong
Shiji Information
Technology
Gong
12
-1
Hongjia
&
Chen
4,100
71%
Hikvision Digital
Technology
Chunmei
13
New
14
15
Zhou
Guohui
Wang
Wenjing
4,060
New
Eternal Asia
3,800
196%
Yonyou
3,700
124%
3,400
New
3,200
62%
Cai
15
5
Dongqing &
family
16
New
Wang Tao
Xue
17
-2
Xiangdong
& family
Alpha
Animation
DJI-Innovations
DHC
Digital
Technology
7 of 12
Information
Service
IT
Video
surveillance
Zhejiang
products
Supply-chain
50,
50
Guangdong
50
Software
Beijing
51
Animation
Guangdong
46
Drones
Guangdong
35
Software
Beijing
56
management
18
New
Zhou Yahui
& Li Qiong
3,000
New
Kunlun Tech
IT
Beijing
3,000
0%
GoerTek
IT
Shandong
2,700
67%
Dazhihui
Data services
Shanghai
57
2,600
-11%
Acoustics
Guangdong
48, \
Guangdong
49
Jiang Bin &
18
-10
Hu
Shuangmei
20
14
Zhang
Changhong
38, \
49,
50
Pan
21
-11
Zhengmin &
Wu
AAC
Acoustic
Technologies
Chunyuan
22
23
-10
21
Wang
Chuanfu
Zeng Hao &
Yu Xin
Car
2,500
14%
BYD
manufacturing,
batteries
2,400
192%
Rapoo
Mouse
Guangdong
44,
34
Electronic
24
19
Tian Ming
2,300
169%
Meyer
device,
Anhui
62
Software
Zhejiang
45
Software
Zhejiang
optoelectronic
Hithink
25
New
Yi Zheng
2,100
New
RoyalFlush
Information
Network
25
27
-12
New
Fu Liquan &
Chen Ailing
Geng
Diangen
2,100
2,000
4%
New
Dahua
Technology
48,
48
Internet
Sinnet
integrated
Technology
Beijing
59
services
Lyu
27
-7
Xiangyang &
Zhang
2,000
19%
1,900
155%
Guangzhou
Youngy
53,
Investments
Guangdong
IT
Beijing
56, \
Shanghai
42
Henan
44
Guangdong
48
54
Changhong
29
29
31
31
21
2
13
-4
Xu Ziquan &
Kang Ning
Jiang
Nanchun
Wan
Yongxing
Wang
Jetsen
Digital
1,900
71%
Focus Media
new
media,
investments
1,800
1,800
117%
40%
China
Solution
Luxshare
8 of 12
Coal
Coal
supply
chain
management
Computer
Laichun
31
-4
34
-11
Wang
Laisheng
Xie
Shihuang
1,800
40%
1,700
38%
1,600
New
1,600
-6%
1,560
New
Chen
35
New
Chichang &
Lin Xiaoya
35
-16
37
New
Eric
Shen
Ya
Wang Jia &
Yan Li
Precision
connectors
Luxshare
Computer
Precision
connectors
Alibaba
Guangdong
51
IT
Zhejiang
45
TMT
Guangdong
Vipshop
B2C online retail
Guangdong
venustech
IT
Beijing
Qtone
Education
44,
43
44
48,
47
Audio
37
New
Xiao Fen
1,560
New
Fenda
technology,
Guangdong
53
Guangdong
56
Fujian
57
Guangdong
52
Xinjiang
50
Guangdong
52, \
electronic
37
2
Chen Qixing
1,560
79%
40
New
Hu Gang
1,550
New
Changying
Information
Investment
technology
Newland Group
IT
High-tech
41
-2
Liang
1,500
Guangwei
71%
information
Huaqiang
service, culture,
real estate
41
-11
Gu Wei
1,500
28%
MTC
Digital products
1,470
2%
Tatfook
1,450
86%
Tongding
Cable
Jiangsu
52
1,410
70%
Youzu
Network game
Shanghai
34
TMT
Guangdong
Sun
43
-18
Shangchuan
Communications
equipment
& Liu Wei
Shen
44
3
Xiaoping
&
family
45
46
-1
New
Lin Qi
Tang Jian &
Liu Cuiying
Jieshun
1,330
New
-12
&
Mao
and
Technology
Lu Yonghua
47
Science
1,300
36%
Caihong
47
-34
Zhou Hongyi
1,300
-37%
49
New
He Zhitao
1,280
New
50
New
Chen
1,270
New
Linyang
Electronic
Electronics
energy meter
Qihoo
Liaison
Interactive
ChinaNetCenter
9 of 12
59,
58
Jiangsu
52
Software
Beijing
45
IT
Zhejiang
33
IT
Shanghai
72
Baozhen
About ChinaEquity

ChinaEquity is one of China’s earliest independent VC/PE firm and has evolved into
one of top 20 PEs in China

Founded in 1999 by Mr. Chaoyong Wang, former Head of Morgan Stanley China and
Senior Investment Advisor of China Development Bank, with 28 years of remarkable
international and domestic financing and investment experiences

Successfully managed 10 PE/VC funds with a total capital of more than 1.2 billion
USD and 4 billion RMB. ChinaEquity has invested more than 70 companies in various
industries, including China Internet Giants - Baidu and Sohu, China’s largest media
group - Huayi Brothers, the “God Father” of China’s Fashion Industry -
Tony Studio,
China’s leading education service provider – Longwen Education, etc.

Specialized in cross-border investment. The most recent portfolio is co-investing with
InvestIndustrial, one of leading Europe Investment Groups, in Aston Martin. We
helped the company reshape its business strategy and construct partnerships in
China; as a result, Aston Martin grew its deliveries to customers by 44% in 2013

Strong and durable relationship with Chinese government, Financial Regulatory
Authorities, commercial banks and other State-owned enterprises

Founder of China Team, the first
and only yacht team authorized by Chinese
government representing China to challenge the America’s Cup

Founder of China Grand Rally, the No.1 Rally Race in China supported by General
Administration of Sport of China
Top 10 Venture Capital USD Funds Managers in Greater China Region of 2014
-- By China Venture Capital and Private Equity Association (CVCA), a member based trade
organization in the Greater China Region
Top 50 Venture Capital Firms in China of 2014
--By Zero2IPO Group
Best Private Equity Firms in China of 2014
--By ForbesChina.com
Top 20 Private Equity Firms in China of 2013
Top 10 Foreign-Capital Private Equity Firms in China of 2013
---By ChinaVenture Group, China’s most powerful research institution in VC/PE
Top 20 Most Valuable GP in China of 2013
-- By China Limited Partners Associates (CLPA), an influential LP network in China
Top 50 Venture Capital Firm in China of 2013
--By Zero2IPO Group, a leading integrated service provider in China’s PE industry
About Hurun Report Inc.
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China’s Leading Business and Luxury Lifestyle Media Platform since 1999
Nobody Knows China’s Rich Better!
Established as a research unit in 1999, Hurun Report Inc. has grown into a leading business
and lifestyle media platform targeted at China’s high worth individuals, on the back of its flagship
Hurun China Rich List and, since 2012, its Hurun Global Rich List. Headquartered in Shanghai,
Hurun Report has offices in Beijing, Guangzhou, Chengdu, Sanya, Hong Kong, London, Los
Angeles, Chicago and Cochin, Kerala in India.
Hurun Research has grown to rank the richest individuals of China and India. In 2015, the
Hurun Global Rich List ranked 2089 dollar billionaires, benchmarking China’s and India’s top
entrepreneurs in the context of their global peers.
Digital. Hurun Report Inc has an award-winning digital media platform, reaching 470,000
unique Chinese high net worths monthly.
Hurun Report’s digital media is composed of an
active social media programme on WeChat and Weibo, mobile and tablet Apps and the
hurun.net website.
Print. 4 magazines, reaching 485,000 on average a month: Hurun Report targeted at Chinese
luxury consumers aspiring to wealth of US$5m (‘Nobody Knows China’s Rich Better’); the
Hurun Schools Guide series targeted at Chinese parents looking to send their children overseas
(‘Unlocking the Doors to the World’s Best Schools’); Wings & Water targeted at Chinese super
luxury consumers with or aspiring to US$50m (‘Beyond First Class’) and Horse & Polo China
(‘For Horse Lovers’).
Conferences. Hurun Report Inc hosts over 100 events across China every year, led by its 4
flagships in Shanghai, Beijing, Shenzhen and Sanya every year.
Hurun Report Inc hosts a
further ten in the US, London, Singapore, Australia and India every year.
Market Research. Hurun Report’s close personal relationships with many of China and India’s
leading entrepreneurs provides the basis for its fast-growing market research division. Hurun
Market Research has developed expertise in the sectors of private banking, insurance, luxury
drinks, luxury cars and consumer electronics.
Online Talk Show. ‘Fortune Voices’ (Ma Shang Hu). Kicks off 24 October 2015, a dialogue on
what makes China’s entrepreneurs tick, starring Rupert Hoogewerf and Ma Hongman, a wellknown host on CBN. Produced by Yueer Media and distributed on CBN TV, Iqiyi.com and
Ningxia Satellite across the country.
For further information, see www.hurun.net
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Official Wechat platform: HurunReport
For media inquiries, please contact:
Porsha Pan
Tel: 021-50105808*601
Mobile: 139 1838 7446
Email: porsha.pan@hurun.net
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