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Biggest Gaming Company Tencent Comes Cracking Down with Stock Plunge

  • Tencent, the world's biggest gaming company, has its shares down roughly 40% from what it was in January. The stock plunge has pushed the China's company out of the list of top 10 biggest companies in the world. Now, it's lingering at the 11th position. In March only, it was dominating at the 5th position, even ahead of the companies like JPMorgan Chase, Facebook, and Berkshire Hathaway. Over $230 billion of the company have been wiped out in the market value. It is still uncertain if the situation for the company would improve.