Chinese tech giant Tencent has surpassed Facebook in market value
- The Chinese tech giant Tencent just surpassed Facebook in market value and became the first Asian company worth more than $500 billion.
- Tencent runs WeChat, the all-inclusive social-media ecosystem, as well as extremely popular gaming platforms.
- Tencent will soon expand to Malaysia, but it has designs on exporting the ecosystem, and Chinese culture, worldwide.
HONG KONG — China's biggest social network and gaming firm, Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters.