Tencent became the first Asian company to exceed a US$500 billion market capitalization in 2017. Its Hong Kong-listed shares surged as investors valued the company’s messaging, gaming, payments and online-media businesses.
Tencent’s WeChat platform became a major part of daily digital life in China, while games such as Honor of Kings and global investments broadened the group’s reach. The milestone placed Tencent briefly among the world’s most valuable public companies.
This figure refers to market capitalization, not annual revenue or cash holdings. Tencent’s valuation has moved above and below the threshold at different times as technology stocks and Chinese markets changed.