Tencent Becomes First Chinese Tech Firm Valued over $500 Billion

Posted on:22 Nov 2017 09:50:53
Tencent Becomes First Chinese Tech Firm Valued over $500 Billion
22 November 2017 Current Affairs: Tencent becomes the first Chinese company to be valued at more than $500 billion in Asia.

The Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK $418.80 to give it a market cap of HK$3.99 trillion which takes past the $500 billion mark.

Alibaba is Asia’s second-highest-valued firm at $474 billion.
Tencent becomes the first Chinese company to be valued at more than $500 billion in Asia.

The Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK $418.80 to give it a market cap of HK$3.99 trillion which takes past the $500 billion mark.

Alibaba is Asia’s second-highest-valued firm at $474 billion.

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