Tencent, Alibaba Set the Pace for Global Technology: Chart

Tencent, Alibaba Set the Pace for Global Technology: Chart

(Bloomberg) -- China’s two largest corporations have gained more than 35 percent this year to become the best performers among the world’s 10 most valuable technology companies. Tencent Holdings Ltd. and Alibaba Group Holding Ltd., both of which report quarterly earnings this week, have outpaced the S&P 500 as well as industry stalwarts Facebook Inc. and Amazon.com Inc. Social media giant Tencent and e-commerce firm Alibaba are expected to report revenue growth in excess of 40 percent for the March quarter.