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Tencent becomes China’s largest tech company with a $248 billion valuation that moves it ahead of Alibaba

T
encent, the company behind the widely used WeChat app, reported that its revenue rose at the fastest rate in more than three years in the second quarter, boosting its valuation to $247.6 billion versus Alibaba's $238.7 billion.
8 months ago
Amedeo Tumolillo
By Amedeo Tumolillo
Amedeo Tumolillo is an editorial consultant with SupChina and award-winning multimedia journalist. He previously worked at The New York Times and Spectrum. Follow him on Twitter at @hellotumo.
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