Photographer: Brent Lewin/Bloomberg

Tencent Is Now Worth $72 Billion More Than Facebook

Tencent Holdings Ltd. is now about $72 billion more valuable than Facebook Inc., a rift that’s widened to its largest level ever as the California-based company deals with a string of controversies culminating in the Cambridge Analytica data crisis. Meanwhile, China’s largest corporation is riding a wave of new hit games, a growing ad business and momentum for WeChat: the all-in-one messaging service that drives it all. Tencent’s projected to report 56 percent revenue growth for the fourth quarter later on Wednesday.

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