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Tencent the first Chinese company worth over $500 billion

Tencent breaks records by becoming the first Chinese company valued at over $500 billion
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Nov 22, 2017 3:51 am

Tencent has been valued recently at $510 billion, making it the first Chinese company in history to be worth the half-trillion-dollar mark. It's a huge deal for the company, as it joins many others in the industry that are based in the US.

 

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We're talking about some of the biggest companies in the world that include Google/Alphabet, Facebook, Microsoft, Microsoft, NVIDIA, Amazon, and more. Amazon reached $500 billion back when it went public in 1997, with social media giant Facebook hitting the $500 billion mark when it launched its IPO back in 2012.

 

Tencent went public in 2004 but has had absolutely phenomenal growrth over the last two years, with a shot to the moon in 2017 going from HK$175 per share to a huge HK$400+ per share.

NEWS SOURCES:Techspot.com

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