At the same time, Facebook’s audience is twice as large as that of the Chinese messenger.

Chinese Internet holding Tencent has overtaken Facebook in market capitalization. The holding’s shares on the Hong Kong Stock Exchange on July 28 rose in price by 4.5% to 543.5 Hong Kong dollars ($ 70.12). Capitalization of Tencent by 8:00 Moscow time on July 29 exceeded $ 660 billion.

At the same time, shares of the most expensive social network Facebook by 8:20 Moscow time on July 29 cost $ 230.12, and the company’s market capitalization is $ 656.15 billion.

Tencent owns the WeChat messenger, as well as the developers of League of Legends, Clash of Clans, Fortnite, Call of Duty, and more.

At the same time, Facebook’s audience is twice as large as WeChat’s. at the end of March 2020, the number of active users of the Chinese messenger exceeded 1.2 billion per month. The audience of all Facebook applications, including the social network itself, Instagram, WhatsApp and Messenger, exceeded 3 billion monthly active users by the end of April.

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