Samsung and Tencent in race to become Asia’s most valuable firm

(Reuters) – Tencent Holdings and Samsung Electronics are racing to be crowned Asia’s most valuable company as expectations for robust earnings growth push their share prices to record highs.

Their surge – both have gained by a third this year – has made them the world’s best performing large-cap tech stocks and highlights how these nimble Asian firms are thriving while rivals Apple and Alibaba have struggled.