How WeChat Overtook Facebook

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Gist on how Tencent, the owner of WeChat, a Chinese Tech giant, has emerged the social media with the biggest Net Worth in the world, overtaking Facebook in recent release.

Tencent value is placed at a wooping $522 Billion as shares closed more than 2% higher in Hong Kong recently, according to FactSet. Facebook is currently worth a little over $519 Billion. But while Tencent outplays Facebook in terms of market value, Facebook is still ahead on other yardsticks.