Tencent emblem seen exhibited on a smartphone.Omar Marques | SOPA Images.| LightRocket | Getty ImagesTencent’s market capitalization has surpassed Facebook’s after having a massive rally at the Chinese company’s stocks this year.The total value of publicly traded stocks of the Chinese gambling and social networking giant stood in 5.15 trillion Hong Kong dollars ($664.50 billion) at approximately 3:07 p.m. Singapore time. Meanwhile, Facebook’s market cap totaled $656.15 billion because of Tuesday’s close.Tencent is popularly well known for its popular mobile games but also for conducting WeChat — China’s hottest messaging program using more than a million users. WeChat includes a social networking attribute known as Moments where users may post images, links and videos. And Tencent makes money from advertisements via Moments.The firm also conducts an instant messaging service named QQ. Revenue from social networks accounts for approximately 23% of Tencent’s total earnings. Tencent stocks have rallied around 43% Nominal, in comparison to only over 12% for Facebook. That rally has added about 1.56 trillion Hong Kong dollars ($201.44 billion) into Tencent’s value. The Chinese giant has gained from users remaining at home through this worst of the coronavirus outbreak in China earlier this season since most of the stuck at home spent some time on its own games and programs. Facebook, which saw its own shares hit a record high of $250.15 earlier this month, has seen its share price dip amid a recent drop in tech stocks as regulatory scrutiny about the social media provider increases. Facebook CEO Mark Zuckerberg will look almost before this House Antitrust Subcommittee on Wednesday as a part of a stunt by lawmakers to the ability of U.S. tech giants such as Google, Amazon and Apple.This isn’t the first time which Tencent’s market cap has surpassed Facebook’s. It occurred in late 2017 along with also a variety of occasions temporarily in 2018. However, in 2019, Facebook remained ahead of Tencent to the entire calendar year, based on data in S&P Global Market Intelligence.