Related Articles
Chinese gaming giant Tencent was close to a $1 trillion market value after its biggest surge in over a decade on Monday, but fell short of the milestone after a slump on Tuesday, Bloomberg reports. The company’s value is now below $900 billion after a 5.5% loss in Hong Kong on Tuesday.
If Tencent had reached the $1 trillion mark, it would have been the second Chinese company to do so after PetroChina Co, which reached its trillion-dollar valuation in 2007 and has since collapsed. The list of companies worth over $1 trillion is still a short one, comprising of Apple, Amazon, Alphabet, Microsoft, and Saudi Arabian Oil Co.
You need a javascript enabled browser to watch videos.
Click To Unmute
ShareSize:640 × 360480 × 270
Want us to remember this setting for all your devices?
Please use a html5 video capable browser to watch videos.
This video has an invalid file format.
00:00:00Sorry, but you can’t access this content!
Please enter your date of birth to view this video
JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember12345678910111213141516171819202122232425262728293031Year20242023202220212020201920182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993199219911990198919881987198619851984198319821981198019791978197719761975197419731972197119701969196819671966196519641963196219611960195919581957195619551954195319521951195019491948194719461945194419431942194119401939193819371936193519341933193219311930192919281927192619251924192319221921192019191918191719161915191419131912191119101909190819071906190519041903190219011900
By clicking ‘enter’, you agree to GameSpot's
Terms of Use and
Privacy Policy
Now Playing: 8 Most Anticipated Games Of 2021
With offerings ranging from video games to social media to e-commerce, Tencent has long been an investor favorite, though Chinese government crackdowns on the gaming industry and the monopolistic practices Tencent engages in have at times impacted on its stock price.
As the world’s largest video game company, Tencent has been relentlessly expanding over the course of 2020, with a number of game-related acquisitions both large and small. Most recently Tencent acquired Don’t Starve studio Klei, while it also owns League of Legends developer Riot Games, as well as having stakes in both Epic Games and Activision Blizzard.
