Spanish.china.org.cn / (SPANISH.CHINA.ORG.CN) – Pony Ma Huating, president and CEO of Tencent Holdings Ltd, speaks during a conference press in Hong Kong, China, March 19, 2014.
Tencent Holdings Ltd of China, for the first time reached a market capitalization of more than $ 200 billion on Monday, making it more valuable than US technology companies like Amazon .com Inc., IBM Corp. and Oracle Corp.
The largest company in social networks and online entertainment in the country increased 5.38 percent to close at HK $ 170.50 (US $ 22) in trading in Hong Kong , giving it a market valuation of $ 206 billion. This is more than the $ 190 billion of Oracle; $ 178 billion Amazon and $ 161 billion of IBM.
Tencent shares have soared 52 percent since the beginning of this year, bringing their judgment for that of $ 230 billion of Facebook Inc and US $ 210 billion of its Chinese rival Alibaba Group Holding Ltd.
The rising prices of the shares of the company based in Shenzhen comes as Hong Kong shares hit new highs in seven years on Monday. China recently allowed the funds to buy shares in the Hang Seng Index under the scheme of the Shanghai-Hong Kong Stock Connect, driving the growth in Tencent shares that were already on the rise.
It is expected you get more money while investors seek more investments.
Alibaba, listed on the New York Stock Exchange, and the company is world’s largest e-commerce has experienced a lapse in their shares of 19 percent. This drop is due to the enthusiasm of investors then quenched record settlement of $ 25 billion IPO by imposed by the company last September, and a mediocre set of earnings results for the third quarter.
Facebook increased by five percent since the beginning of 2015.
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