Asia Pacific, Global Investment, News, Technology

Tencent Surpass Wells Fargo to Become 10th Largest Company

Tencent Surpass Wells Fargo to Become 10th Largest Company

Tencent, the Chinese tech company has passed Wells Fargo to become the world’s tenth most valuable public company. The stock has rose 43% in the past year and more than 20% in 2017 alone to reach $279 billion. This has allowed it to pass Wells Fargo’s $275 billion market capitalization.

“Six of the top 10 companies by market value are now technology including the top four.”

~ Bloomberg

Tencent has joined the likes of Apple Inc and Alphabet Inc in the ranks of the world’s largest publicly traded companies. Six of the top 10 companies by market value are now technology including the top four.

Related Reports: Fortune, Bloomberg

 

About Tencent

Founded in November, 1998, Tencent is a leading provider of Internet value added services in China. Since its establishment, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange.

Visit: Tencent

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article