Tencent no longer one of the world's 10 biggest companies
Chinese gaming and social media giant Tencent has lost its spot as one of the world's ten most valuable companies. Tencent has lost over $220 billion in market value since January 23, when its shares closed at an all-time high. Tencent, whose value is now $348 billion, returned more than 67,000% from its Initial Public Offering through January this year.