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Tencent surpasses Facebook in market value


Tencent surpasses Facebook in market value

New Delhi, Nov 22 (ANI): There's a new player in the world's most valuable business club and for the first time ever it's from Asia. China's number one social network and gaming platform Tencent officially blew past Facebook's market value on Tuesday, a day after it became the one-and-only Chinese company worth more than 500 billion dollars.

With this, it joined the elite ranks of Apple, Alphabet, Microsoft and Amazon. Revenues from smartphone games like Honor of Kings, which has more players than the population of Germany, are bringing in enormous amounts of money for Tencent.

It also controls China's messaging super app WeChat - which is used by nearly a billion people and operates the Chinese equivalent of YouTube.

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