Tencent overtakes Facebook to enter world's top five most valuable listed companies
23 November, 2017, 00:30 | Author: Randy Kelley
The shares of the Hong Kong-listed Internet giant, known for its WeChat message app and online games, closed at HK$420 on Monday, bringing its market value to HK$3.99 trillion (S$692 billion).
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.
Tencent's market cap has furthermore than tripled ever since March 2014 when it attained $150 billion, exceeding Intel in the course. The company reportedly raised $8.3 billion Hong Kong dollars ($1.1 billion) after Tencent priced its 151 million shares at $55 Hong Kong dollars ($7.05) per piece. The company has successfully managed to secure its position to become one of the world's top 5 companies with net worth of more than $500 billion. The messaging app has 500m users in China which acts as a "portal" for thousands of different products, from payments to customer service. In 2016, Tencent acquired a majority stake in Finnish smartphone maker Supercel.
Tencent now sits alongside a handful of USA companies you are much more likely to have heard of: Apple, Amazon and Microsoft.
Seven signals 'not from missing sub'
Relatives of crew members unfurled a flag at the naval base that read: "Be strong Argentina, We trust in God, We wait for you". The Argentina-born Pope Francis mentioned the missing vessel in his weekly Sunday prayers at the Vatican in Rome.
Israel wants Saudi ties to defeat Iran By
Gulf Arab countries are also anxious about the Islamic republic's support for Huthi rebels in Yemen. Both sides refuse to back down, but Doha says it is ready to engage with USA and Kuwaiti mediation.
Other fast-growing parts of the business include digital content such as video, as well as online advertising, said CNBC. Tencent's shares, traded in Hong Kong, have doubled in value this year as the tech company's earnings have repeatedly outmatched analysts' expectations.
Tencent president Martin Lau said last week that its YouTube equivalent, Tencent Video, has become the video streaming service with the largest paying subscriber base in China, at 43 million users.
Tencent has almost one billion users on its popular WeChat phone platform, where people can chat, post photos, play games, transfer money and pay for a variety of services in China. And while Amazon was let in, it was quickly quashed by Alibaba's Tmall and Taobao e-commerce sites.
Still, this is not the first time that Kobach has criticized the administration's handling of Temporary Protected Status. About 30,000 children have been born to Haitians in the United States with protected status since 2010.
AC/DC has sold more than 200 million albums across the world and continues to find fans in younger generations. He was replaced by Brian Johnson. "The entire rock "n" roll community is heartbroken by his passing".
The Texans (3-6) will start Tom Savage , but he didn't perform well during the 33-7 loss to the Los Angeles Rams in Week 10. After the Cardinals cut Johnson, Arians said he regrets not being able to speak to Johnson in person before he was cut.
Protests are a justified recourse in a democratic system, said Singh, who leads the Congress government in Punjab. Even after deferring the release date of the film, the makers of Padmavati are still in hot water.
If you plan on shopping after your Thanksgiving dinner, you'll want to bundle up Thursday night into early Friday morning. Thanksgiving could be toasty and Black Friday could be balmy for southeast Iowa as a warm pattern moves in at midweek.
The Broch's said they may not be done adopting. "We just hope for the best for all of us", Ida said. "It's not a job to me". On Friday dozens of Connecticut's foster children found a family to call their own as part of the state's Adoption Day.
Ratner was on his way up in the music video industry and a protégé of Simmons, the Def Jam Recordings powerhouse. Khalighi says that she refused intercourse, after which Simmons coerced her into giving him oral sex.
The singer-songwriter had written over 60 albums through his career, having over 10 top 10 singles throughout his career. Tillis had undergone colon surgery in January 2016 and canceled a scheduled trip on the Country Music Cruise.
Actor George Clooney will direct and star in the drama miniseries "Catch-22", making his return to television after 20 years. After a series of poor box office outings, George Clooney will head to the small screen for his next directorial effort.
CBS News fires Charlie Rose
The allegations include unwanted sexual advances, lewd phone calls, walking around naked in their presence, and groping. It is crushing". 'I have learned a great deal as a result of these events and I hope others will too.
Trump Breaks Silence on Roy Moore Allegations
The President also expressed vehement opposition to Doug Jones , the Democrat in the race and Moore's only major opponent. Roy Moore speaks during a campaign event at Walker Springs Road Baptist Church in Jackson, Alabama, on November 14, 2017.
The 10 best TV deals this Black Friday
You'll preserve your budget, avoid taking on needless debt, and uphold the spirit the holiday season is actually meant to evoke. The team of deal review experts at Black Friday Dealer are comparing the best Apple iPhone 6 & 6S Black Friday deals.
Zanu-PF MPs summoned over Robert Mugabe impeachment
The deadline set by Zimbabwe's ruling party for longtime President Robert Mugabe to resign or face impeachment has passed. David Coltart, a prominent opposition leader and former minister, said he believed impeachment will now go ahead.
Mamata Banerjee mourns Priya Ranjan Dasmunsi's death
The former union minister's wife, Deepa Dasmunsi, said that her husband's condition has been deteriorating for a month now. He was admitted to Calcutta's Apollo Gleneagles hospital where he underwent angioplasty to unblock two blood vessels.