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China's wealthiest man is not Pony Ma or Jack Ma

Property developer Xu Jiayin leapfrogs from No. 10 on country's rich list

Evergrande Group Chairman Xu Jiayin   © Reuters

TOKYO -- Xu Jiayin, the chairman of property developer China Evergrande Group, has seized the top spot on the country's rich list for the first time, leaving behind Pony Ma Huateng of Tencent Holdings and Jack Ma Yun of Alibaba Group Holding.

The ranking was released on Tuesday by Hurun Report.

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