EquitiesAI capex fears weigh on investor sentiment surrounding big gaming and ad groupChinese memory chipmaker CXMT went public in July and immediately became the most valuable company listed on the Shanghai and Shenzhen exchanges. © ReutersWATARU SUZUKIAugust 13, 2026 19:40 JSTQINZHOU, China -- Chinese memory chip maker CXMT on Thursday surpassed Tencent Holdings by market capitalization, becoming the most valuable company listed on the mainland or in Hong Kong.Read NextIPOChina's CXMT jumps 465% on debut, tops Intel's market capPolicy AsiaHefei's CXMT jackpot fuels China local governments' tech betsTechnologyTencent Q2 results beat estimates on robust AI-enhanced advertisingPodcast: Tech LatestMemory crunch gives China's CXMT a breakthrough momentTrading AsiaChina's 'national team' battles AI stock rollercoasterChina techHP, Asus and Acer begin using CXMT chips amid memory shortageMarketsCXMT listing propels STAR Market, China's Nasdaq, to the big timeLatest on EquitiesEquitiesJapan dividends heading to record high on chip, AI gainsEquitiesJapan margin trading doubles in 6 months, lifted by pricey AI stocksEquitiesJapan's top online brokerages to offer daytime trading of US stocks
Chipmaker CXMT becomes China's most valuable company as Tencent slips
AI capex fears weigh on investor sentiment surrounding big gaming and ad group
CXMT memory chipmaker surpassed Tencent to become China's most valuable company following July IPO (465% debut). The shift reflects Beijing's semiconductor sovereignty priority over consumer tech, with memory scarcity fueling investor demand.







