ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Politics

Alibaba and Tencent chiefs among China's '100 entrepreneurs'

Notable exclusions include heads of JD.com, Wanda and HNA

Jack Ma, founder of Chinese e-commerce giant Alibaba, speaks with students during an event at Israel's Tel Aviv University in May.    © Reuters

BEIJING -- To celebrate the 40th anniversary of the market reforms that transformed China into an economic powerhouse, officials have published a list of 100 "outstanding" private-sector entrepreneurs who have contributed to the nation's growth.

The rankings predictably feature prominent tech leaders such as Jack Ma Yun and Pony Ma Huateng -- but notably exclude Richard Liu Qiangdong, the chairman and CEO of e-commerce site JD.com, who was arrested in the U.S. in August on suspicion of rape. He was released and allowed to return to China.

The list, jointly released Wednesday by the Communist Party's United Front Work Department and the All-China Federation of Industry and Commerce, also excludes the heads of real estate conglomerates that took on massive debt to finance offshore acquisitions. Not making the cut are Wang Jianlin, chairman of Dalian Wanda Group; Fosun group Chairman Guo Guangchang; and Chen Feng, chairman of HNA Group.

Many of those making the honor roll hail from the tech industry. There is Jack Ma, chairman of the e-commerce leader Alibaba Group Holding, along with Pony Ma, chairman of chat provider Tencent Holdings. Robin Li Yanhong, CEO of search engine Baidu, is on the list as well.

Liu Chuanzhi, chairman of personal computer maker Lenovo Group, was also named. The heads of smartphone manufacturers were mentioned: Li Dongsheng of TCL, Xiaomi's Lei Jun and Huawei founder Ren Zhengfei. Other tech stars include He Xiangjian, chief of appliance maker Midea Group, and Liu Qingfeng, chief executive of speech recognition outfit Iflytek.

Richard Liu, founder of online shopping site JD.com, is fighting a rape allegation in the U.S.   © Reuters

Leaders of the auto industry entered the top 100. They include Li Shufu, the chairman of Zhejiang Geely Holding and a figure considered close to President Xi Jinping. Also recognized are BYD Chairman Wang Chuanfu and Great Wall Motor Chairman Wei Jianjun. Hui Ka Yan, chairman of property developer Evergrande Group, is recognized for his contribution to sports.

Many on the list of top businessmen have experience as representatives to the National People's Congress. Among other factors, it is assumed that the nod is given to those who express loyalty to the party and the government.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more