Saturday, September 26, 2020
Tech

Tencent Market Value has exceeded 655.3 Billion

Tencent Holdings has once again risen in Hong Kong stocks, the market value has exceeded the 5 trillion Hong Kong dollar mark, equivalent to 655.3 billion US dollars, the gap with Facebook narrowed to less than 20 billion US dollars. Ma Huateng has a net worth of more than 380 billion yuan, calculated based on Ma Huateng’s current share of 8.42% , stably ranking China’s richest man.Recently, the ongoing fermentation of Tencent and Laoganma incidents has also become a cause of the rise in Tencent’s stock price. Tencent’s performance report for the first quarter of 2020 released in May this year showed that revenue in the first quarter was 108.056 billion yuan, an increase of 26% year-on-year; net profit was 27.079 billion yuan, an increase of 29% year-on-year.

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