10c > $500,000,000 (Tencent to half a trillion dollars)
November 24, 2017Surpassing Facebook to become the first Chinese stock to to enter the top six global listed stocks with a market capitalisation of over 500 billion. On 20 November, Tencent (SEHK: 700) attained a valuation of USD 522 billion.
Founded in 1998, Tencent released the WeChat mobile app in January 2011. WeChat is now almost ubiquitous in China, used by nearly a billion people to connect, message and make payments via their smartphones. Increasingly brands are using WeChat to promote products and services. Over the past five years, Tencent’s market capitalisation has increased nearly 900%.
Of the top ten stocks by market capitalisation, seven are tech stocks, eight are American, five are less than 25 years old, two are from the nineteenth century and only one (JPMorgan Chase) was founded in the eighteenth century.
Two of the top ten are Chinese, with Alibaba (NYSE: BABA) rapidly approaching entry into the exclusive $500 Billion Club.
top ten stocks by market capitalisation (PDF 37 Kb)
The massive evolutions in the stock market, correlate the impact of Internet technology to the dramatic changes wrought by the mechanical revolution of railroads and John D Rockefeller’s Standard Oil, a century earlier.
Blue-chip stocks include many banking, finance, oil & gas, beverage, and telecom brands, but the dominance and scale of tech stocks is indisputable.
With zero resemblance to a tech ‘bubble, these top seven brands have extraordinary consumer market penetration.
After the current digital revolution, the next wave is most likely to be Artificial intelligence (AI). In 2016, the AI market was worth just $644 million, according to Tractica. This year, that amount will nearly double and continue to grow exponentially
To encapsulate this constant evolution, we can go way beyond 1965 and Gordon Moore’s practical formula (Moore’s Law), to a statement by the Greek Philosopher, Heraclitus of Ephesus (c. 500 BCE), who wrote “the only constant in life, is change“.
For more on the digital revolution, read Twenty years of change (1996-2016)
Digital Tsunami was founded in Hong Kong in 1996. The company name and brandline ‘Communications Evolution’ were selected (unapologetically confrontingly), to convey the immense and comprehensive impact which digital technology was expected to deliver. For over twenty years, Digital Tsunami has consulted to global brands, MNCs and SMEs on digital strategy and content solutions.
Sources:
Statista
Dogs of the Dow
The Motley Fool
Tractica
From Our Clients
.. accurately interpreted the project brief and the outcome was a piece of cost effective quality work.
Digital Tsunami was professional, responsive and accurately interpreted our brief. The final result was a new website that was in keeping with the iBurst brand essence and proposition.
Once again, thanks for your promptness and partnership.
The current challenge of my job at Abbott is one of the greatest I've faced in 25 years of IT career. It's reassuring to know I can count on people like you when things go wrong.
Working with this team has been a delight and the resulting website far exceeds our expectations. All stages of the process were handled professionally, promptly and creatively. Discussions went smoothly, with flawless communication and suitable and sensible solutions whenever issues were raised. Time frames were either met or delivered early. The site was 100% accurate, indicating impressive attention to detail.
Without exception, the feedback on our site has been outstanding - clear and thoughtful layout, appropriate and interesting graphics and intuitive navigation.
.. a reliable and steadfast operator, with a keen sense of service. Innovative and contemporary, and operating within the upper echelon.