China's Tencent is now worth $300 billion

Here's what some big western companies are called in China China's Tencent has joined the exclusive $300 billion club. Tencent shares closed at a record high of 248.40 Hong Kong dollars (just under $32) on Tuesday, valuing the company at more than $302 billion. Tencent (TCEHY) joins Apple (AAPL, Tech30) and Google-parent Alphabet (GOOGL, Tech30) in the ranks of the world's biggest firms by market capitalization. It's the only firm outside the U.S. among the world's top 10 most valuable companies, and is now nipping at the heels of JPMorgan (JPM), which is currently worth $309 billion. Tencent isn't the first Chinese company to achieve the eye-popping number.