Alibaba $141 Billion Slide Boosts Tencent to Asia’s Biggest

Alibaba's $141B Slide Boosts Tencent to Biggest in Asia

Alibaba Group Holding Ltd. surrendered the title of Asia’s largest Internet company to Tencent Holdings Ltd., capping a 10-month slide for the e-commerce giant that wiped $140.7 billion from its market value.

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