Tencent Races to the Top Spot as Biggest Company in Asia

ChinaYibada — Reports were released Monday revealing that Tencent is now the largest Asian company and had overtaken Alibaba. Tencent’s current market value is at HK$1.99 trillion or $255.8 billion.Li Chengdong, a Beijing-based independent e-commerce strategy ­analyst, said, “Tencent’s market value is based on its current and previous good financial situation, which is driven by the company’s core businesses including advertisements, games, e-commerce and financial services.”

http://en.yibada.com/articles/157404/20160906/tencent-races-top-spot-biggest-company-asia.htm

 

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