Still, Tencent is not well-known outside of China, but owns the country's most popular messaging service, WeChat, which has close to 1 billion users.
Tencent's market cap has furthermore than tripled ever since March 2014 when it attained $150 billion, exceeding Intel in the course.
Hong Kong's Hang Seng Index cleared the 30,000 barrier for the first time in a decade in early trading on Wednesday, as financial companies rallied.
This is a huge win for the company as Tencent Holdings Ltd. now has a market value that is more than that of Facebook. Tencent's shares, traded in Hong Kong, have doubled in value this year as the tech company's earnings have repeatedly outmatched analysts' expectations.
CNBC credits Tencent's rise to its continued revenue growth, massive user base and investments in new areas. Alibaba is now the world's seventh largest company, with a market value of $481 billion, according to Bloomberg.
It is closing in on U.S. technology firms including Facebook, which is worth $520.14 billion, and Amazon, which is valued at $544.46 billion. Last week, it reported a 69 per cent year-on-year rise in net profit for the third quarter to 18 billion yuan (S$3.7 billion), beating market forecasts. Stock at Tencent in 2017 alone has surged an awesome 126.7%.
During 2016, Tencent acquired the majority stake of Supercell a smartphone maker based in Finland.
Other fast-growing parts of the business include digital content such as video, as well as online advertising.
Tencent, led by Pony Ma, a Chinese billionaire is not known as a consumer name globally but its WeChat app dominates in China, where Facebook, Twitter, and Google are banned.
Tencent is attempting to become bigger outside China, but not through the expansion of its products. It has acquired stakes in both Tesla and Snap, and invested in numerous start-ups in Asia including India's Uber rival Ola.
However, when security forces were moving towards a particular area, militants hiding there, fired at them with automatic weapons. A gunfight erupted following specific inputs about the presence of militants in the area.
The family may be tight-lipped for now, but it's safe to say we'll be hearing one way or another from them in the near future. Kim Kardashian explained in her recent appearance on Ellen that keeping confidential information is how they work as a family.
NEW YORK, NY - MAY 17: Norah O'Donnell, Charlie Rose and Gayle King attend the 2017 CBS Upfront on May 17, 2017 in New York City. It is crushing". "I have learned a great deal as a result of these events, and I hope others will too".
Tillis died early on Sunday in an Ocala, Florida, hospital, a statement posted on Absolute Publicity's website said. The Tillis family said they plan to announce funeral arrangements for Nashville and Florida soon.
A spokesman from Uber said the company is in the process of notifying various regulatory and government authorities. Please let us know via the Help Center if you see anything unexpected or unusual related to your Uber account.
The quake struck at 11:43am (NZT) at a depth of 25km close to the Loyalty Islands, according to the US Geological Service. The Pacific Tsunami Centre warns of "possible" hazardous waves within 300 kilometres of the epicentre.
He described the perilous situation in Zimbabwe, where the US Embassy has advised Americans to limit their travel outdoors. Fish and Wildlife Service will allow hunters to bring so-called elephant trophies from Zambia and Zimbabwe into the U.S.
Joseph had said earlier this month it "wouldn't be fair" to play Lynch when Lynch had just returned to the practice field. Sunday against the Bengals was the first game this season in which Lynch was active following his lengthy recovery.
Between the four players who participated in the celebration, Ellington had the fastest 40-yard dash time at 4.37 seconds. The defense did come up with the turnovers but had trouble pressuring struggling Texans quarterback Tom Savage .
Dolphins' starting quarterback Jay Cutler picked an very bad time to have his first multi-interception game of the season. The offense just didn't look organized as evident by its four turnovers and eight penalties in the first half.
Trump's sickening decision to stand by Roy Moore
Trump's comments come the day after his senior adviser Kellyanne Conway appeared on Fox News to say pretty much the same thing. But he ill-advisedly shifted to the claim that "you don't need somebody who's soft on crime like Jones".
Hariri arrives in Cairo for meeting with Sisi
His father, late Prime Minister Rafik al-Hariri, was assassinated in 2005 and an global court is still investigating the tragedy. Hariri arrived in a private jet from Cyprus on Tuesday night, after meeting with Cypriot President Nicos Anastasiades.
Wet & chilly start to your week
An upper-level trough will gradually slide east of the area, as high pressure tiptoes into the southern Plain. Friday night , the low will be around 44 with partly cloudy skies, according to the weather service.
Animal Crossing Pocket Camp Lands This Week
Animal Crossing: Pocket Camp is set to launch worldwide on November 22 for iOS and Android devices, Nintendo has announced . Your family will probably understand if you need to excuse yourself from Thanksgiving dinner to go catch some fish.