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.
Warning：The use of any news and articles published on eChinacities.com without written permission from eChinacities.com constitutes copyright infringement, and legal action can be taken.
Keywords: Tencent overtakes Alibaba in market value
All comments are subject to moderation by eChinacities.com staff. Because we wish to encourage healthy and productive dialogue we ask that all comments remain polite, free of profanity or name calling, and relevant to the original post and subsequent discussion. Comments will not be deleted because of the viewpoints they express, only if the mode of expression itself is inappropriate.
Please login to add a comment. Click here to login immediately.
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