A Chinese tech giant just joined Facebook and Amazon in the $500 billion valuation club
The latest company to cross the $500 billion valuation threshold is virtually unheard of in the West. Shares of Shenzhen-based Tencent, a company that made its mark with its popular WeChat messaging service, rose 4.1% in trading Monday on the Hong Kong Stock Exchange to close at HK$420, bringing the company’s valuation to HK$3.99 trillion…