Updated: 10 hours ago
Tencent's market capitalization has surpassed Facebook's following a huge rally in the Chinese firm’s shares this year. Making the WeChat owner the seventh most valuable company globally.
The total value of publicly traded shares of the Chinese gaming and social media giant stood at 5.15 trillion Hong Kong dollars ($664.50 billion) at around 3:07 p.m. Singapore time. Meanwhile, Facebook’s market cap totaled $656.15 billion as of Tuesday’s close.
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