Baidu's Robin Li tops IT-rich list - Rupert Hoogewerf

Hurun by Fantake via Flickr

Apart from real estate and retail, China's IT industry is becoming a major money maker, notes Hurun rich list compiler Rupert Hoogewerf in the People's Daily. Robin Li of the largest search engine Baidu tops his IT-rich list this year.

Robin Li, founder of Baidu, one of the world’s leading search engine companies, topped the Rupert Hoogewerf 2010 IT rich list released yesterday with assets of 31.5 billion yuan. He was followed by Ma Huateng, CEO of the Tencent, China’s leading instant messaging company, and Ding Lei, CEO of Net Ease, who hold property with 29.3 billion yuan and 15.1 billion yuan, respectively.

This was the third time for Li to top the list after taking the No. 1 spot in 2007 and 2008. This time, Li set a record for the most assets held by anyone on the list since it was established.

The Hoogewerf group attributed the strong performance of Baidu to its tripled growth price in the U. S. stock market and the withdrawal of Google from mainland China.

In the People's Daily more details about Tencent, Alibaba and Huawei.

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Rupert Hoogewerf is a speaker at the China Speakers Bureau. Do you need him at your conference or meeting? Do get in touch.

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