Tencent Passes Wells Fargo to Become 10th Biggest Company: Chart

American Century Says Tencent Has Been a Good Story

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 Wednesday in Hong Kong, vaulting its capitalization to $279 billion -- just a shade above that of the U.S. lender. Six of the top 10 companies by market value are now technology, including all of the top four.

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