Alibaba and Tencent: Why their market cap exist trillion scissors difference?

Sep 10, 2020 Alibaba Group Tencent

Alibaba is also ahead of Tencent in terms of the current market cap.

On September 3, Hong Kong shares of Alibaba closed at HK$284.2, with a market cap of HK$6.152 trillion. Tencent's shares closed at HK$534, with a market cap of HK$5.117 trillion, and the market cap gap between the two has reached HK$1.035 trillion. 

Both Alibaba and Tencent have good share price gains, but Alibaba is more attractive to investors, relatively speaking.

As we all know, Alibaba and Tencent are always the giants in the Internet industry in China. Looking back at the development of these two companies, they have been competing all the way, but it is undeniable that both companies have been hitting record highs in market capitalization.