Alibaba, Tencent Pressured to Live Up to $450 Billion Rally
- The two companies have outperformed their U.S. peers this year
- Meeting and beating expectations will only get harder
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It’s getting tougher for China’s technology giants to live up to expectations.
After Alibaba Group Holding Ltd. and Tencent Holdings Ltd. added more than $450 billion of combined market value this year, investors are counting on the pair to at least match projections for quarterly revenue growth of more than 50 percent, and sustain a similarly blistering pace in 2018. The first test will come Thursday with Alibaba’s results.