Chinese Company Tencent Now Worth More Than Facebook

Chinese Company Tencent Now Worth More Than Facebook:

The first Asian company to rise above half a trillion dollars in value is now officially bigger than Mark Zuckerberg’s social media behemoth.

China’s Tencent Holdings is winning the battle for the burgeoning Southeast Asian virtual marketplace, edging ahead of rivals Alibaba and now Facebook. This is due in large part to the dominance of Tencent’s “WeChat” social media platform and ownership of online gaming blockbusters that include international competitive hit League of Legends and runaway mobile success Honor of Kings.

Read more