China's Tencent Breaks Through $500bn Stock Market Capitalisation

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An anonymous reader shares a report: The value of China’s biggest social network company — Tencent Holdings — has overtaken that of Facebook. The company owns WeChat, an enormously popular messaging app in China, and hit gaming franchises such as League of Legends and Honour of Kings.It is the first Asian firm to surpass a market value of $500bn. Its chief executive, Ma Huateng, is now worth more than the founders of Google, Larry Page and Sergey Brin, according to Forbes. The magazine valued him at $48.3bn on Tuesday, making him the world’s ninth richest man according to its ranking.

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Source: Slashdot – China’s Tencent Breaks Through 0bn Stock Market Capitalisation