Tencent hits US$206b market cap
Source: Agencies |
April 14, 2015, Tuesday
|
Print Edition
Print Edition
TENCENT for the first time hit a market cap of over US$200 billion yesterday, making it more valuable than US tech firms like Amazon.com, IBM and Oracle.
China’s biggest social networking and online entertainment firm rose 5.38 percent to HK$170.50 (US$22) in Hong Kong trading, giving it a market valuation of US$206 billion — higher than Oracle’s US$190 billion, Amazon’s US$178 billion and IBM’s US$161 billion.
Tencent’s shares have surged 52 percent from the start of this year, bringing its valuation close to those of Facebook’s US$230 billion and rival Alibaba Group’s US$210 billion.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
