Tencent Becomes Asia’s First Company to Cross $500 Billion in Market Value
Tencent becomes the first Asian company to top $500 billion in market value, hitting a high of HK$437.40 ( 22nd November 2017). This gives Tencent a market value of HK$4.15 trillion or $532 billion at an exchange rate of USDHKD 7.69.
” Tencent Crosses $500 Billion in Market Value, Becomes Asia’s Most Value Company “
The only companies with more than $500 billion market value in the world are Apple, Alphabet, Microsoft and Amazon. Tencent, a leading provider of internet value added services in China, was founded in 1998 and went public in 2004.
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.
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