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Jack Ma loses title as China's richest man

Jack Ma has lost his title as China's richest man

The Alibaba and Ant Group founder slipped to fourth place

behind

- Nongfu Spring’s Zhong Shanshan

- Tencent Holdings' Pony Ma

- Pinduoduo’s Collin Huang

Ma's fall comes after heavy scrutiny from Beijing

Chinese regulators reined in his empire on anti-trust issues