Genevieve Blog

Nigerian Hottest Celebrity news & Music Download Blog

Breaking

Tuesday, 21 November 2017

Tencent chief 'richer than Google founders'


The value of China's biggest social network company - Tencent Holdings - has overtaken that of Facebook.

The company owns WeChat, an enormously popular messaging app in China, and hit gaming franchises such as League of Legends and Honour of Kings.
It is the first Asian firm to surpass a market value of $500bn (£377bn).
Its chief executive, Ma Huateng, is now worth more than the founders of Google, Larry Page and Sergey Brin, according toForbes.
The magazine valued him at $48.3bn on Tuesday, making him the world's ninth richest man according to its ranking.
Tencent's share price was lifted by the announcement that it would roll out its WeChat payment services in Malaysia next year.
The company also has a stake in Snap, the company behind Snapchat, ride-sharing app Lyft and electric-vehicle maker Tesla.
It is also expected to bring its hugely popular multiplayer game Honour of Kings to the United States.
The game - sometimes translated as King of Glory - lets players pay to upgrade their characters or costumes. Critics in Chinaaccused the game of being "addictive".

Source: BBC
Image source: Getty Images

No comments:

Post a Comment

recommended

advertisement

trending

Loading...