Chinese Company Tencent Left Facebook behind

Chinese Company Tencent Left Facebook behind

Chinese Company Tencent Left Facebook behind

Tencent price reaches 531$ billion, where as 529$ billion worth of Facebook.

For the last several years, social networking website Facebook has been captured worldwide, but now the honor of Facebook has broken the Chinese company Tencent.

The social media and gaming company in China has left behind the worldwide American social network company 'Facebook' market share. Last day, the Tencent included in the list of 5 largest companies in the world. According to the British media this year, the price of the Tencent in stock market doubled to $ 531 billion in Hong Kong, which was worth $ 529 billion worth of Facebook. The company's income has been more than the expectations of experts. However, Tencent is still behind the King's company Apple. Apple company's revenue in shares market is US $ 873 billion.

Tencent is actually like a Facebook social networking site, its popular Video Chat (V Chat) phone platform has almost one billion users where people can chat together, share photos, play games and can pay. This app in China has revolutionized the technology industry.

Founder company and founder of China's top businessman, Ma Huatung, who is also known as 'Pony Ma', gave fewer interviews, he said that his company got more than 69% of the total income than expected.

The Tencent registered its publishing business as a separate unit in the Hong Kong stock exchange this year and now the Tencent is spreading its feet in Malaysia. Senior Vice President of the Company, SY Lau, said in an interview that the Tencent has got a license for a money transaction in Malaysia. Because Malaysia is indeed a very broad market and there are about two million users in V Chat.