Tencent's market capitalization exceeds HK $4 trillion "glorious mission" or becomes the next "Arena of Valor"

at present, Tencent's share price has risen sharply for four consecutive transactions. After maintaining the upward trend of the previous two trading days, Tencent closed at HK $420, up 4.12%, with a total market capitalization of HK $3.99 trillion.

original title: Tencent's market capitalization has exceeded HK $4 trillion, "Chicken eating" Mobile Games "Glorious Mission" was tested yesterday

at present, Tencent's share price has risen sharply for four consecutive transactions. After maintaining the upward trend of the previous two trading days, Tencent closed at HK $420, up 4.12%, with a total market capitalization of HK $3.99 trillion. At the same time, it is also the first technology company in the Asian market with a market capitalization of more than $500 billion.

Tencent shares continued to rise on Nov. 21, rising 2.38% to HK $430 as of the close of the day, with a market capitalization of HK $4.0845 trillion, exceeding HK $4 trillion for the first time and surpassing Facebook to become the world's fifth largest company by market capitalization, after Apple, Google's parent company, Alphabet, Microsoft and Amazon.

some industry insiders said that unlike the global market dominated by the top four companies, Tencent's main market is mainland China, which also shows that the Chinese market has great potential.

it is understood that Tencent has more than doubled this year. Tencent released its third-quarter results report on November 15, 2017. in the third quarter, Tencent's operating revenue was 65.21 billion yuan, an increase of 61% over the same period last year, and the net profit of shareholders was 18.006 billion yuan, an increase of 69% over the same period last year. The revenue in the first three quarters was 171.368 billion yuan, up 59% from the same period last year, and the net profit of shareholders was 50.713 billion yuan, up 66% from the same period last year.

the results report also shows that games are still the largest source of revenue for Tencent. Tencent's total revenue in the third quarter was 65.21 billion yuan, of which PC and mobile games contributed more than half of the revenue. The revenue from games on PC was 14.6 billion yuan, an increase of 27% over the same period last year, mainly due to the strong performance of "Dungeon & Fighter" and "League of Legends".

the income of mobile games has increased by an astonishing 84%, with an income of about 18.2 billion yuan. "Arena of Valor" and "Contra: return" contributed most of the income.

in addition to the soaring share price, Tencent's first 100-person game "Glorious Mission" against competitive shooters was tested yesterday. Some media reported that the "Glorious Mission" released by Tencent was produced by Giant Network's Little Monster Studio. Shi Yuzhu, chairman of Giant Network, also launched a public test of the game on Weibo on Nov. 8. This game is actually the popular "Battle Royale Games" at the moment. According to official figures, more than 30 million players have booked the game.