File photo of Pony Ma (Photo/Baidu.com)
Tencent chair Pony Ma has once-again cashed in on his company's success.
The third richest man on the mainland has cut his share holdings of Tencent from 9.86-percent down to 9.65.
Cashing in those stocks has earned him 415-million U.S. dollars.
Pony Ma has cashed in after Tencent's share price in Hong Kong jumped over 5-percent on Monday, giving the company a market valuation of over 206 billion U.S. dollars.
But word that Pony Ma cut his stake in the company sent Tencent's shares down by 4.4 percent yesterday.
Pony Ma cashed shares in several times last year, diluting his share in Tencent from over 14-percent stake to below 10-percent.
Tencent has seen a jump in its online advertising revenue, with WeChat finally starting to turn a profit.
