IT new 'it' industry for rich
By Shi Jing in Shanghai | China Daily | Updated: 2014-09-24 07:09
Wealth list filling up with tech tycoons like Alibaba's Ma Yun
Information technology has overtaken real estate as the cradle of the next generation of Chinese billionaires, according to the 2014 Hurun China Rich List released on Tuesday.
The rise of IT billionaires is exemplified by China's new richest man, Jack Ma Yun, founder of e-commerce giant Alibaba, whose personal wealth soared to $25 billion on the company's first day of trading.
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