Pony Ma Huateng, chairman and CEO of Tencent Holdings, is China’s richest man. Photo: AP Photo

Tencent grabs Facebook’s social media crown with rally that adds US$207 billion to market value this year

  • Chinese online games giant is now the world’s seventh most valuable company ahead of Facebook
  • Jefferies analyst Thomas Chong expects Tencent shares to climb up to HK$651 in the next 12 months; shares are up 45 per cent year to date
Topic |   Tencent
Pony Ma Huateng, chairman and CEO of Tencent Holdings, is China’s richest man. Photo: AP Photo
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