Tencent Overtakes Alibaba and Becomes China's Most Valuable Tech Company

Tencent Overtakes Alibaba and Becomes China's Most Valuable Tech Company
Aug 19, 2016 By eChinacities.com

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According to CNBC, Tencent has topped Alibaba as the internet company with the most market capitalization in China.

Tencent owns the popular instant messaging app WeChat, along with a slew of other internet brands and websites. This Wednesday Tencent announced a strong fiscal quarter, with market capitalization jumping to 249 billion USD, overshadowing Alibaba’s market capitalization of 246 billion USD.

Tencent is bolstered by a series of very popular internet assets, including the QQ.com portal and QQ Messenger.

Source: inews.qq.com

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Keywords: Tencent overtakes Alibaba in market value


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China is awash with copycat companies, Tencent and Alibaba aren't doing anything new.

Aug 26, 2016 11:44 Report Abuse



Great Tencent (who copied facebook, twitter) has passed Alibaba (who copied Ebay). Must be hard to keep coming up with new ideas which make your companies so successful. Oh wait...

Aug 23, 2016 15:26 Report Abuse



hahahahhaa bro that one was tough, but tencent is a great company... but is true, i guess they are doing it copying and copying, but did you know that google did copy a Baidu tool back on 90s??? I guess they copy each other

Aug 24, 2016 07:48 Report Abuse



I would love to know what google copied from baidu. That is something Ive never heard. Especially since Google opened and started doing business 2 years before baidu. How can a company doing something two years earlier than another company doing the same thing, possibly have copied the latter. Sounds impossible to me.

Aug 26, 2016 14:33 Report Abuse



though tencent was a (k)rapper

Aug 20, 2016 19:56 Report Abuse



Dooooooooon't Caaaaaaaaarre

Aug 20, 2016 17:03 Report Abuse