The information technology sector is rapidly driving wealth accumulation among Chinese entrepreneurs, according to the Hurun China Rich List published on Thursday, while domestic consumption makes gains, experts said.
IT created China's top two billionaires and helped usher more business owners into the ranks of the richest individuals. Jack Ma — who recently resigned as chairman of e-commerce giant Alibaba Group — and his family, remained the richest on the Chinese mainland for the third time with a net worth of $39 billion, according to the annual list, which was published for the 21st time.
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