By Star Chang, posted Mar 9, 2012 at 5:10 AM, 715 views,

CEO of Baidu Continues to Be The Richest Man in China

Robin Li, CEO of the popular Chinese search engine Baidu.com, continued to be the richest member in the multi-billionaire club on the Chinese mainland in 2012, with a personal wealth of US$10.2 billion, according to Forbes’ 2012 world’s billionaire rankings. With his fortunes increasing by US$0.8 billion as compared to US$9.4 billion in 2011, Robin Li became the only billionaire in China who boasted a personal wealth of more than US$10 billion …

China has six Internet billionaires on the newly unveiled 2012 Forbes Billionaires List, led by the chairman of Internet search engine Baidu. The others are Jack Ma from Alibaba (2.7 billion), Pony Ma from Tencent (4.7 billion), Executive Director of Tencent, Zhang Zhidong (1.8 billion), William Ding from Netease (2.8 billion) and Chen Tianqiao from Shanda Interactive (1.1 billion).

The Internet in China is starting to get mature. Major Chinese internet companies are going across the board doing major investments and minor investments, trying to broaden their reach. In 2012, they will be making the most acquisitions. Baidu, the king of the Chinese search is still going to see a lot of growth. Advertising is the main driver for the Internet globally and certainly for Chinese Internet. Those Chinese CEO will properly be getting richer in 2013.

SOURCE: china.org.cn, Fortune