Daily News | Tencent Holdings is rising

Today’s news review will begin with Tencent Holdings. According to the latest market data, the conglomerate is rising. This week they became the first Chinese firm worth more than $500 billion. Tencent Holding is China’s biggest social network and gaming firm, and if you want to imagine how popular its products are, let’s just say that one of its games – Honor of Kings – has as many active players as Germany has citizens. As we said, Tencent Holdings is rising and its stock doubled in price this year. Now they are a company with the highest value in Asia and the world’s fifth most valuable company. The companies that have higher market value are only Apple Inc, Alphabet Inc, Microsoft Corp and Amazon. The sixth most valuable company is Facebook.

Second important news of today’s interview comes from Iran. Iranian President Hassan Rouhani on Tuesday declared the end of the Islamic State. This weekend government forces in Syria took Albu Kamal, the last important Syrian town that was held by ISIS. In Iraq, Iraqi forces captured the town of Rava, also one of the last remaining Islamic State towns.

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Author: Max Rothstein

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