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China tycoons approaching US$50b in gains on HK stock rally

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Tencent's 6.7% gain has added US$1.2b to Mr Ma's net worth

Hong Kong

ANOTHER day, another billion dollars. With Hong Kong stocks surging to a seven-year high, China's richest tycoons are approaching US$50 billion in gains this year.

Take this week's frenzy. Tencent Holdings Ltd increased 6.7 per cent since Tuesday, adding US$1.2 billion to