Chinese company transfers Facebook to market value

Chinese company transfers Facebook to market value

After doubling the value this year, the Chinese giant Tencent became the first Chinese company to enter the list of the world's five most valuable companies passing Facebook for market value. The company behind the popular WeChat app managed to leave rival Alibaba behind in the race to become the first Chinese company [...]

The company behind the popular WeChat app managed to leave rival Alibaba behind in the race to become the first Chinese company worth $500 billion.

Tencent is currently ranked fifth after Apple, Alphabet, Microsoft and Amazon, leaving behind Facebook, Alibaba and Bershire Hathaway.

 

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