Bloomberg
Tencent Shares Drop After Approaching $1 Trillion Valuation
(Bloomberg) — Tencent Holdings Ltd. fell Tuesday, after a world-beating surge in the stock pushed its market value to the cusp of $1 trillion for the first time.The Chinese Internet behemoth lost as much as 5.1% in Hong Kong, its biggest decline in a month, putting its market capitalization at $900 billion. Its shares surged 11% Monday, Tencent’s best gain since 2011. There were few obvious catalysts for a rally of that…
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