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November 20, 2017 10:35 am GMT
Tencent has became the first Chinese company to be valued at more than $500 billion. Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK$418.80 togive it a market cap of HK$3.99 billion which takes past the $500 billion mark. Close rival Alibaba is Asia’s second-highest-valued firm at $474 billion. Entry to the half-a-trillion-dollar… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/HL7svyuh8hM/
Tencent becomes the first Chinese tech firm valued over $500B
Tencent has became the first Chinese company to be valued at more than $500 billion. Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK$418.80 togive it a market cap of HK$3.99 billion which takes past the $500 billion mark. Close rival Alibaba is Asia’s second-highest-valued firm at $474 billion. Entry to the half-a-trillion-dollar… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/HL7svyuh8hM/
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