Tencent Just Passed Wells Fargo as the World’s 10th Biggest Company

Tencent, the Chinese tech giant with little business outside its home country but a stranglehold on social media within it, passed Wells Fargo yesterday to become the world’s tenth most valuable public company.

Its stock has climbed 43% in the past year and more than 20% in 2017 alone, including a 1.6% rise yesterday to pass Wells Fargo’s $275 billion market capitalization. (Tencent also made the top ten last summer before shares cratered to end the year.)

Putting Tencent’s ranking in...

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