♦Tencent , the Chinese Internet Giant That's Worth More Than Facebook Now.
▪Gaming and US expansion
👉🏿 you’re more likely to use one of Tencent’s products while playing games. It owns companies like Riot Games (maker of League of Legends), Supercell (maker of Clash of Clans), and has heavy investments into major companies such as Epic Games (maker of Gears of War) and Activision Blizzard (maker of Overwatch and Destiny).
👉🏿Tencent is responsible for some of the biggest social media and messaging apps including QQ, WeChat, and Qzone.
👉🏿The Chinese government has played a huge role in Tencent’s growth. Not only are companies like Google and Facebook banned.
▪valuing the social media and gaming giant(Tencent) at around $522 billion, according to FactSet. Facebook (FB) is currently worth a little over $519 billion.