Technology content trusted in North America and globally since 1999
8,194 Reviews & Articles | 61,999 News Posts

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.




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.


Related Tags

Got an opinion on this news? Post a comment below!