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Tencent, Alibaba Set the Pace for Global Technology: Chart
Tencent, Alibaba Set the Pace for Global Technology: Chart
17 May 2017, 02:35 PM IST
(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.
To contact the reporter on this story: Edwin Chan in Hong Kong at echan273@bloomberg.net.
To contact the editors responsible for this story: Robert Fenner at rfenner@bloomberg.net, Edwin Chan
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