China’s Tencent beats Facebook in market value
China’s social media Tencent has surpassed Facebook in market value as it has doubled in value. Tencent’s capitalization had soared and on Tuesday it has reached the giant amount of $531 Billion and overtook the popular Social network Facebook’s market value $519 Billion. On “WeChat” platform Tencent has nearly 1 million users who enjoy gaming, sharing pictures, money and many other facilities through the app.