LINE

    Text:AAAPrint
    Economy

    Tencent becomes Asia's most valuable company

    1
    2017-11-21 09:02Xinhua Editor: Gu Liping ECNS App Download

    Chinese internet giant Tencent has become Asia's most valuable company with its shares closing at record high on the Hong Kong Stock Exchange Monday.

    Shares of Tencent closed at 420 HK dollars per share, which puts its market value at 510.7 billion U.S. dollars. It became the sixth ranking company in market value in the world, the company said.

    Tencent is also the first Asian company to beat the 500 billion-dollar mark, it said.

    On Nov. 15, Tencent announced its unaudited consolidated results for the third quarter of 2017, with its total revenues at 9.825 billion U.S. dollars, an increase of 61 percent year on year.

    Chairman and CEO of Tencent, Ma Huateng, said the company recorded strong business growth in games, digital content, online advertising and payment related services.

    Analysts said the new market value put Tencent in the same camp as U.S. tech giants Apple, Alphabet, Microsoft, Amazon and Facebook, whose values have all exceeded the 500 billion-dollar mark.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 宜宾市| 罗江县| 榕江县| 兴城市| 七台河市| 岚皋县| 额尔古纳市| 侯马市| 九江市| 资中县| 武清区| 大安市| 芜湖市| 东乡县| 兴国县| 伊金霍洛旗| 攀枝花市| 巴塘县| 宜丰县| 常山县| 德惠市| 台北市| 若尔盖县| 滨州市| 汾西县| 巫山县| 福建省| 德钦县| 浦江县| 全州县| 陈巴尔虎旗| 清苑县| 潼南县| 太保市| 莲花县| 云霄县| 屯昌县| 赫章县| 崇信县| 宁强县| 称多县|