China’s social media and video game giant Tencent became more valuable company than Facebook on Tuesday. Tencent’s Hong Kong-listed shares have doubled in value this year, and on Monday it became the first Asian company with a market capitalization of half a trillion dollars.
By the end of the trading day on Tuesday, Tencent’s outstanding shares were worth a combined 4.08 trillion Hong Kong dollars ($523 billion), surpassing Facebook’s $519 billion.
0 comments: