Tencent the first Chinese company worth over $500 billion

Tencent breaks records by becoming the first Chinese company valued at over $500 billion.

@anthony256

Published Nov 21, 2017 9:51 PM CST
Updated Nov 3, 2020 12:53 PM CST

29 seconds read time

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.

Tencent the first Chinese company worth over $500 billion | TweakTown.com

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 SOURCE:techspot.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.