Hangzhou-based Alibaba has overtaken Tencent as Asia’s largest company by market capitalisation. Photo: Sam Tsang

Alibaba tops Tencent as Asia’s biggest company by market value

New-economy companies that owe their revenue to technology and the internet are now more valuable than oil refineries, manufacturers and banks

Topic |   Internet

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Hangzhou-based Alibaba has overtaken Tencent as Asia’s largest company by market capitalisation. Photo: Sam Tsang
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