While 11/11 is usually known as Singles' Day in China where e-commerce companies like Alibaba achieve record-breaking sales, Tencent decided to hijack the headlines this year with its own news. To celebrate its 18th birthday, the internet giant decided to give all 31,557 of its employees 300 shares each of the company. Currently listed as Asia's most valuable company at HK$1.89 trillion in market cap ($250 billion USD), shares closed at HK$200 ($26 USD) on Friday, which resulted in each person r...
Tencent Celebrates Anniversary by Giving $220 Million USD in Shares to Employees
Hypebeast - 12 Nov 2016 23:56
While 11/11 is usually known as Singles' Day in China where e-commerce companies like Alibaba achieve record-breaking sales, Tencent decided to hijack the headlines this year with its own news. To celebrate its 18th birthday, the internet giant decided to give all 31,557 of its employees 300 shares each of the company. Currently listed as Asia's most valuable company at HK$1.89 trillion in market cap ($250 billion USD), shares closed at HK$200 ($26 USD) on Friday, which resulted in each person r...
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