Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › CXMT Overtakes Tencent to Become Most Valuable Chinese Company
Business & Finance

CXMT Overtakes Tencent to Become Most Valuable Chinese Company

Bloomberg Technology Thursday 13 August 2026, 08:21 UTC By Bloomberg News 1 min read
Key Points

CXMT Overtakes Tencent to Become Most Valuable Chinese Company CXMT Corp. has overtaken Hong Kong-listed Tencent Holdings Ltd. as the world’s most valuable Chinese company, underscoring the AI‑driven frenzy fueling demand for memory‑chip stocks. CXMT, which debuted in Shanghai last month and quickly became China’s largest onshore-listed company, fell 1.2% Thursday, leaving its market capitalization at $524 billion. Even so, it became more valuable than Tencent, whose valuation slid to $510...

CXMT Overtakes Tencent to Become Most Valuable Chinese Company CXMT Corp. has overtaken Hong Kong-listed Tencent Holdings Ltd. as the world’s most valuable Chinese company, underscoring the AI‑driven frenzy fueling demand for memory‑chip stocks. CXMT, which debuted in Shanghai last month and quickly became China’s largest onshore-listed company, fell 1.2% Thursday, leaving its market capitalization at $524 billion. Even so, it became more valuable than Tencent, whose valuation slid to $510 billion amid mounting concerns over its growing artificial intelligence investments.
CXMT Overtakes Tencent (ORG) Most Valuable Chinese Company CXMT Overtakes Tencent (ORG) Most Valuable Chinese Company CXMT Corp. (ORG) Hong Kong (LOCATION) Tencent Holdings Ltd. (ORG) Chinese (ORG) CXMT (ORG) Shanghai (LOCATION) China (LOCATION) Tencent (ORG)
Originally published by Bloomberg Technology Read original →

Related Stories

MotoGP track will 'irrevocably' change parklands, Adelaide mayor says

MotoGP track design's imminent release prompts warning about Adelaide parklands impact In short: The proposed design of the Adelaide street circuit that will host the Australian MotoGP from 2027 will be publicly released in the coming weeks. Lord Mayor Jane Lomax-Smith has warned that the project will "irrevocably and permanently" change the city's parklands. Premier Peter Malinauskas says he wants to see the design released as soon as possible.

ABC Australia 20m ago

‘My husband and I are at odds’: Should we tap our home equity or sell stocks to build a $100,000 emergency fund?

“We have about $1.7 million invested but only around $20,000 in cash.”

MarketWatch 20m ago

A surprise credit after an overseas purchase: The tariff refunds now flowing through shippers

A surprise credit after an overseas purchase: The tariff refunds now flowing through shippers If you bought something from an overseas vendor last year, it might be time to check your bank account NEW YORK -- If you bought something from an overseas vendor last year, it might be time to check your bank account. Shippers including FedEx and UPS that acted as customs brokers for imported packages and received tariff refunds from the U.S. government have started to pass on those refunds to the...

ABC News US 24m ago

Zhu Rongji reforms fuel China’s economic transformation

Former Chinese premier Zhu Rongji, the driver of the nation’s economic reforms, died on Wednesday aged 97 following an illness. Zhu spearheaded China’s 2001 accession to the World Trade Organization (WTO), paving the way for an export boom that fuelled the country’s transformation into the world’s second-biggest economy. He also oversaw domestic market reforms that included closing hundreds of loss-making state enterprises and laying off some 30 million workers.

South China Morning Post 29m ago