综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Technology

China's Tencent hits $200 billion market cap for first time

(Agencies) Updated: 2015-04-14 08:09

China's Tencent hits $200 billion market cap for first time

Pony Ma Huating, Chairman and CEO of Tencent Holdings Ltd, speaks at a press conference in Hong Kong, China, March 19,?2014. [Photo / IC]

China's Tencent Holdings Ltd for the first time hit a market cap of more than $200 billion on Monday, making it more valuable than US tech firms like Amazon.com Inc, IBM Corp and Oracle Corp.

The country's biggest social networking and online entertainment firm rose 5.38 percent to close at HK$170.50 ($22) in trading in Hong Kong, giving it a market valuation of $206 billion. This is higher than Oracle's $190 billion, Amazon's $178 billion and IBM's $161 billion.

Tencent's shares have rocketed 52 percent from the beginning of this year, bringing its valuation close to those of US peer Facebook Inc's $230 billion and Chinese arch rival Alibaba Group Holding Ltd's $210 billion.

The surge in the Shenzhen-based company's share price comes as Hong Kong stocks hit fresh seven-year highs on Monday. China recently allowed mutual funds to buy stocks on the Hang Seng Index under the Shanghai-Hong Kong Stock Connect scheme, fuelling the jump in already-rising Tencent shares.

More money is expected to pour in as investors hunt for bargains.

New York-listed Alibaba, the world's largest e-commerce firm, has seen its shares slide 19 percent year-to-date. This slump owes itself to investor excitement wearing off after the firm's record-setting $25 billion IPO last September, and a lacklustre set of third-quarter earnings results.

Facebook is up five percent since the beginning of 2015.

Hot Topics

Editor's Picks
...
澎湖县| 弥勒县| 桦川县| 新巴尔虎右旗| 东明县| 平南县| 龙南县| 双峰县| 长宁区| 黑水县| 黔西| 当阳市| 莆田市| 阜新市| 沅陵县| 班戈县| 桓仁| 和政县| 离岛区| 治县。| 潼关县| 隆尧县| 策勒县| 探索| 兰考县| 平陆县| 石台县| 吴江市| 略阳县| 米泉市| 丹凤县| 托克托县| 会东县| 佛学| 双鸭山市| 普兰店市| 林甸县| 铜陵市| 海南省| 桂林市| 贺州市|