The Owner of Wechat and Clash of Clans “Tencent” became the first Chinese company to be valued at more than $ 500 Billion this week and surpassed Facebook as the fifth most valuable company in the world.
Profit from China’s social networking and gaming company “Tencent” jumped with the popularity of its smartphone games led by titles such as “Clash of Clans” and “Honor of Kings” – a fantasy game that promotes role-playing with so many the population of Germany.
See The Video How Tencent Value Tops Facebook
With support from the bottom line, Wechat a message exchanger and payment app reached about 980 million monthly active users with 38 million messages sent daily.
The Largest Subscriber Network On YouTube:
In Youtube, the company has become largest subscriber base. This success helped grow their shares more than double this year. It is the most valuable company in the Asia, having more than $ 500 billion.
Also see – Paytm And ICICI Bank Collaborates To Give Users Short Term Digital Credit.
With this, the company hit the market value of Facebook on Monday of $ 519 billion. They are worth more than her:
- Apple
- Alphabet Inc (Google)
- Microsoft
- Amazon
The iPhone maker has a market capitalization of about $ 873 billion. It expectedly made revenues and is yet at the top position in the Global market.
Led by Chinese billionaire Pony Ma, the company reported a higher-than-expected 69% increase in third-quarter net profit this month. That is too surprising. And they bid on it to grow more.
Let’s Hear It From The Spokesperson:
“Tencent’s high growth, as demonstrated by its quarterly results, sustained the stock rally,” said UOB sales director Kay Hian, Steven Leung.
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