Special article on June 24, compared with the personal honor of "China's richest man", I believe that Tencent founder Ma Huateng valued Tencent's position in the arena.
On November 26, 2019, before the second listing of Alibaba Group (9988.HK) on the Hong Kong Stock Exchange, the “market capitalization king” of Hong Kong stocks had always been Tencent, and it had a huge advantage over other companies. However, as soon as Alibaba Group came, Tencent was forced to give up the throne of shares. It was not until June 23 that Tencent was able to reverse.
Tencent soared by 1.170 billion, Ali only rose by 275 billion
On June 23, Tencent Holdings (700.HK) opened higher, and its intraday market value surpassed that of Alibaba. The market was even more enthusiastic, rising 4.89% throughout the day to close at 497.4 Hong Kong dollars, and also hit a record high of 498.6 Hong Kong dollars during the session.
The latest market capitalization of Tencent is HKD 4,752 billion, and the market capitalization of Alibaba Group is HKD 4,721.6 billion. Tencent is approximately HKD 30 billion more than Alibaba Group. For Ali Group and Tencent, the market value is between 30 billion, which is really not that big. But Tencent is also equivalent to 7 months for this day.
On November 26, 2019, Alibaba landed on Hong Kong stocks at an issue price of HK$176. On the day of listing, it rose 6.6% to close at HK$187.6, making a good start. And the market value of Ali Group exceeded 4 trillion Hong Kong dollars in one fell swoop, reaching 4,030 billion Hong Kong dollars. On the same day, Tencent fell about 1%, with a market capitalization of HK$3.2 trillion, and Alibaba was about HK$830 billion higher than Tencent. Who would have thought that a reversal would be achieved in less than 7 months?
From the close of November 26, 2019 as the node to the close of June 23, 2020, about 7 months before and after, Tencent rose from less than 335 Hong Kong dollars to 497.4 Hong Kong dollars, an increase of 48.47% . Ali Group rose from 187.6 Hong Kong dollars to 220 Hong Kong dollars, an increase of 17%. Tencent's gains lead Alibaba Group by 31 percentage points.
Since the beginning of this year, Tencent’s cumulative increase has been 32.8%, and its market value has increased by HK$1,170 billion. At the same time, Ali Group’s increase has been 6.2%, and its market value has increased by only HK$275 billion. Tencent’s market value has increased by more than 4 times that of Alibaba Group. . Therefore, on June 23rd, the market value of Alibaba was reversed in one go!
Ma Huateng "won" Ma Yun twice in two days
On June 22, according to Forbes Global Rich List (real-time), Ma Huateng became China’s new richest man with US$51.5 billion, and Ma Yun was worth 439 Billion US dollars has retreated to third place, compared with Pinduoduo CEO Huang Zheng's worth of 45.4 billion US dollars less than 1.5 billion.
According to Tencent's latest market value of 4.75 trillion Hong Kong dollars (612.9 billion US dollars), Ma Huateng holds approximately 8.6% of the shares, and through Tencent shares, it is worth 52.7 billion US dollars. In the Forbes real-time list, Ma Huateng is worth 55.3 billion U.S. dollars, Ma Yun is worth 44 billion U.S. dollars, and Huang Zheng is worth 42.4 billion U.S. dollars, ranking third. This is related to the obvious decline of Pinduoduo on Monday.
ranked fourth is Qin Yinglin, chairman of Muyuan Co., Ltd., whose worth is 33.8 billion U.S. dollars, more than Evergrande boss Xu Jiayin's 32.2 billion U.S. dollars.
And the market value of Tencent surpassed the Ali Group, which also means that within two days, Ma Huateng won Ma Yun twice, once for personal value and once for the company's market value. In U.S. stocks, Alibaba has a market value of US$594 billion. In terms of US dollars, Tencent also exceeds the market value of Alibaba Group by approximately US$17 billion.
As for the world's richest man is Amazon founder Bezos, his real-time worth is 162.2 billion US dollars, the second richest is Microsoft founder Gates, his worth is 109.5 billion US dollars. Compared with Bezos and Gates, Ma Huateng is still far behind.
Of course, it is undeniable that Jack Ma also has a secret weapon, that is, the super unicorn of Ant Financial Group, which was valued at more than US$200 billion in the primary market when it raised funds in 2018. If Ant goes public, Jack Ma's worth can increase again.
