At that time, the exchange rate was about $522 billion 890 million, thentencentThe market value is higher than the foreign social media giant Facebook, second only to the apple and Google parent company Alphabet.MicrosoftandAmazonThe world's fifth largest market capitalization company.
But after 12 trading days, Tencent's share price and market value are far away from the new high in November 21st.
At the close of Hong Kong shares today, TencentsharesThe closing price of HK $378, while compared with the previous day's closing price of HK $366 rose to HK $12, but in November 21st more than 430 Hong Kong dollar closing price of HK $52.
The stock price was 52 Hong Kong dollars lower than in November 21st, and the market value of Tencent fell sharply compared with November 21st. At the closing of Hong Kong shares in November 21st, the market value of the Tencent was HK $40845. At the close of Hong Kong stocks today, the Tencent has a market value of HK $35906 billion, and the 12 trading day has evaporated by $493 billion 900 million.
If the Tencent shares were not up 12 Hong Kong dollars today, Tencent's share price and market value would fall more than in November 21st. At the closing of Hong Kong stocks on Wednesday, the Tencent was HK $366, with a market value of HK $34766 billion, which was HK $64 and HK $607 billion 900 million lower than in November 21st.