Business magazine Fortune's Chinese version has ranked top 40 business elites in China who are under 40. Most of them launched their company's initial public offering (IPO) in the US in the first half of this year.

Let's take a look at the top 10 Chinese elites who are not even 40 years old, according to fortunechina.com.

No 10 Tang Yan

Age: 35

He is the founder and CEO of Momo, one of the most popular location-based social apps in the Chinese mainland, which was launched in 2011. Its active users climbed to 50 million in July. About 500 million messages are generated everyday during one-on-one conversation or group chat.

Tang Yan, founder and CEO of Momo. [Provided to chinadaily.com.cn]

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