China Tycoons Near $50 Billion in Gains From Stock Frenzy

By Zijing Wu

April 9, 2015 at 1:22 AM EDT

Updated on

April 9, 2015 at 4:56 AM EDT

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

Take this week’s frenzy. Tencent Holdings Ltd. increased

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