China's Tencent received an estimate of $ 206 billion and bypassed the largest US companies

On Monday, April 13, the market capitalization of the Chinese company Tencent for the first time exceeded $ 200 billion, reports Reuters. Thus, the company has bypassed such giants as Amazon, IBM and Oracle. In China, Tencent is the largest company in the field of entertainment Internet services and social networks, as well as one of the largest telecommunications giants (about a third of the market for fiber optic networks).

On the Hong Kong Stock Exchange, the company's shares went up by 5.38% last Monday and their price reached $ 22. A new level of capitalization of the company amounted to $ 206 billion. For comparison, the estimate of the value of Oracle is $ 190 billion, Amazon - $ 178 billion and IBM - $ 161 billion.

Since the beginning of the year, Tencent shares have risen by 52%. Now it is very close to Facebook (with an estimate of $ 230 billion) and Chinese Alibaba ($ 210 billion). Facebook's stock price has risen by only 5% since the beginning of the year.
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Alibaba is the world's largest e-commerce company. The price of its shares from January 2015 increased by 19%. Last year, the company held an IPO and raised $ 25 billion.

In January 2015, Reuters also reported that at the end of 2014, Tencent and Alibaba were recognized as the most expensive brands in China.