The market movement made China's Tencent one of the world's top five most valuable companies, although it is still far short of leader Apple, which is now valued at $873bn.
The Chinese firm's value overtook Facebook's $519.4 billion market capitalization, which was hit at the close of the US markets on Monday.
Admission to the half-a-trillion-dollar-club which comprises of Apple, Alphabet, Facebook, Microsoft, and Amazon - approaches a week after Tencent posted benefits of 18 billion RMB ($2.7 billion) on incomes of 65.2 billion RMB ($9.8 billion) for Q3 2017.
Tencent has developed into the first Chinese company to be priced at further than $500 billion. This year, however, the company's stock went haywire.
"Tencent's high growth, as demonstrated by its quarterly results, has supported the rally in its shares", said Steven Leung, a sales director at UOB Kay Hian.
In addition to robust earnings, Tencent has also burnished its lustre after some units and affiliates have made some eye-catching market debuts.
By Tuesday afternoon Tencent's market capitalisation had reached HK$4.15-trillion Hong Kong (US$531bn), surpassing the US social network's $519bn. The stock closed at HK$430 on Tuesday. Adjacent competitor Alibaba is Asia's second-highest-valued firm at $474 billion.