China's Tencent passes Wells Fargo as 10th biggest firm
Chinese Internet firm Tencent Holding has overtaken US banking major Wells Fargo by market capitalisation to become the world's 10th biggest publicly traded company, according to Bloomberg. Tencent gained 1.6% on Wednesday, valuing the company at $279 billion. With this, six of the top 10 companies by market value are now technology firms, including all of the top four.