(Bloomberg) — Tencent Holdings Ltd. surged toward a record Tuesday after a $305 billion rally since its 2018 low.The stock rose as much as 5.1% Tuesday, putting Tencent on pace for its highest-ever close. Shares, poised to have their best month since January 2012, have surged nearly 50% from March’s bottom to send Tencent’s market value above HK$4.7 trillion ($606 billion).After doubling in 2017, shares were almost halved at one point the following year as gaming approvals dried up and a slowing economy in China cooled advertising demand. But gaming has been a strong point in 2020 for Tencent in …read more
Source:: Yahoo Finance
