Tencent is Asia's most valuable company

Shares of Tencent closed at HK$ 420 a share, which sets its market price at $510.7 billion, turning it into the 6th highest ranked company in total market value globally


BEAM Team

21 Nov, 2017

Tencent is Asia's most valuable company | BEAMSTART News

- From our Sponsors -

Chinese digital titan Tencent has emerged as Asia's most valuable company as its shares soared at record high on the Hong Kong Stock Exchange on Monday.

Shares of Tencent closed at HK$ 420 a share, which sets its market price at $510.7 billion, turning it into the 6th highest ranked company in total market value globally, the company said.

Tencent is also the 1st Asian company to surpass the $500-billion mark, it said.

Related: Join Entrepreneurs and Investors at Entrepreneurs Retreat 2018    

On Nov 15, Tencent released its unaudited combined results of Q3 2017, with its overall revenues at $9.825 billion, a 61% growth year on year .

Ma Huateng, CEO and Chairman of Tencent, stated the firm registered healthy progress in online advertising, payment related services, games and digital content.

Experts said the latest market price positions Tencent in on par with US technology titans such as Alphabet, Apple, Amazon, Facebook and Microsoft, whose valuations are all above the $500 billion range.

Related: 6 Strategies for Getting your Business from Idea to Reality

- From our Sponsors -

Latest Jobs

Revenue Director (Go-to-market areas)

Pulppo

Mexico City, Mexico, United States

Full Time

USD 50000 — USD 80000 yearly

🤝🏼 Talent Lead

Replo

San Francisco, United States

Full Time

USD 100000 — USD 130000 yearly

People Partner Intern

Finku

Jakarta, Indonesia, United States

Internship

Salary Undisclosed

Full Stack Engineer

kapa.ai

United States

Full Time

USD 80000 — USD 119998 yearly

JavaScript Automation Intern

HiOperator

San Francisco, United States

Internship

USD 17 — USD 25 yearly

Senior Data Analyst

Vahan

Bengaluru, India, United States

Full Time

USD 2100000 — USD 3000000 yearly

Supplier Quality Engineer, Energy Storage

Moxion Power Co.

Richmond, CA, United States

Full Time

Salary Undisclosed

Senior Product Designer, Graphing

BioRender

Toronto, Canada, United States

Full Time

USD 130 — USD 240 yearly

Snr. Software Engineer (Backend)

SkyLink

New York, United States

Full Time

USD 125000 — USD 155000 yearly

QA Engineer - Intern

Peakflo

Singapore, Singapore, United States

Internship

USD 360000 — USD 600000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).