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Tencent Becomes The First Chinese Company To Be Valued Half A Trillion US Dollars

Nov 20, 2017 | Uncategorized | 0 comments

Tencent is the first Chinese company with a market value of more than half a trillion US dollars.Online trader Alibaba, ranked second, with a stock value of $ 474 billion, is not far behind.Major investor Warren Buffett’s conglomerate Berkshire Hathaway has already left the companies behind.

Tencent Market Value

Tencent’s stock has rallied on the stock market since the beginning of November and has risen by 15 percent this month alone. The market capitalization of Tencent is therefore equivalent to about 510 billion US dollars. It is one of only six companies with more than half a trillion dollar stock market value.

Also Read: Tencent Employees Can Now Enjoy Free Breakfast!

The list is led by Apple with 873 billion, followed by the Google parent company Alphabet with 713 billion. Microsoft ranks third with a valuation of 635 billion. Amazon in fourth place with 544 billion and Facebook with 520 billion US dollars market capitalization are just ahead of Tencent, which could outperform both US companies soon.

Also Read: Hackers Execute Homebrew Code On Nintendo Switch

Still unknown to many in Germany, Tencent has developed into a global player with great power over its 19-year history. The company not only operates WeChat, the most popular messenger in China but also buys massive amounts of money with its booming gaming division.

Also Read: WeChat Bows Down To Apple

Through strategic investments in international companies such as Tesla and Snap in the USA, but also in important Indian companies such as Flipkart or the healthcare portal Practo, Tencent was able to increase its corporate value rapidly. However, the investments also make the company significantly more susceptible to a stock market crash in which the market value could quickly decrease again. Especially with the Tesla investment, Tencent is, after all, one of the largest shareholders, is on shaky legs.Tesla is currently struggling with production difficulties and is increasingly being criticized by investors. Apple co-founder Steve Wozniak has been scolding that Tesla has duped the world with its promises. 


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