Tencent's $220-billion rout is breaking records

Jamie McKane

MyBroadband Journalist
Super Moderator
Joined
Mar 2, 2016
Messages
4,605
Tencent's $220-billion rout is breaking records

The $220 billion rout in shares of Tencent Holdings Ltd. has entered uncharted territory.

Not only has the Chinese Internet giant lost more market value than any other company worldwide this year, its 38 percent drop from a closing high in January is now the deepest since Tencent’s 2004 listing in Hong Kong.

[Bloomberg]
 
Top