Tencent Shares Have Risen 45,180% in 14 Years
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Tencent Holdings Ltd. is silencing the skeptics.
The tech giant had lost almost $100 billion in value in recent months as investors braced for a squeeze from increased spending and investments. Instead, the company delivered record quarterly profit and better-than-expected margins. The reaction: the shares rose 3.7 percent in Hong Kong on Thursday for their biggest rally in five months.