Sunday 06 Oct 2024
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(April 6): Tencent Holdings Ltd, a Chinese Internet titan best known for its WeChat messaging service and gaming, has overtaken Wells Fargo Inc by market value, joining the likes of Apple Inc and Alphabet Inc in the ranks of the world’s biggest publicly-traded companies. Tencent gained 1.6 percent on Wednesday in Hong Kong, vaulting its capitalization to US$279 billion — just a shade above that of the US lender. Six of the top 10 companies by market value are now technology, including all of the top four.

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