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Tencent is now worth more than Facebook – What’s new?

News you want to use week 48.

When the stock exchange in Hong Kong closed last week had Tencent passed Facebook in value. Tencent was valued $522 M and Facebook $519 M which indicates the strength in Asian tech companies. Tencent is the company behind WeChat, whith nearly 1 billion users, and QQ. Tencent acquired a 12 % post in Snap Inc last week and already has 5 % share in Tesla. 

Read more? Approx 3 min