Tencent Just Outshines Facebook—Google, TikTok, and the Rest Are Watching
Taste the sweet aroma of a 2.4 % rise in the stock price, and you’ll understand why the world’s biggest social media and gaming titan has just pulled the curtain on a new chapter in the valuation saga.
Why the Teaser Is Worth Looking At
- Valuation Milestone: A record‑breaking 439.6 HKD per share gives Tencent a market cap of roughly $534.5 bn—leaping just over Facebook’s $519 bn.
- CEO Power Play: Ma Huateng’s net worth edges past Google founders Larry Page and Sergey Brin—about $48 bn.
- Performance Sparkles: A better‑than‑expected Q3 haul nudged shares upward last week.
How WeChat Became the Queen of China
In a land where Facebook, Twitter and Google are in the virtual red zone, WeChat’s 500 million users serve as a digital portal, blending payments, services and instant messaging into a single, addictive ecosystem.
The Quick‑Scan Portfolio
- Owned stake in Snapchat—the voice behind that snappy photo app.
- Invests in Lyft, the car‑hopping sidekick.
- Has a stake in Tesla, because everyone loves a bit of electric-vehicle chic.
Apple Still Holds The Crown
Despite Tencent’s meteoric growth, the tech juggernaut still trails behind Apple, which currently sits at a staggering $873 bn valuation. So, while Tencent’s Messi finishes a goal and scores a few bonuses, Apple’s super‑star still leads the league.
Get ready—the next update might just flip the script again; stay tuned, and let the market drama pour on your device!
