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Chipmaker CXMT becomes China's most valuable company as Tencent slips

AI capex fears weigh on investor sentiment surrounding big gaming and ad group Chinese memory chipmaker CXMT went public in July and immediately became the most valuable company listed on the Shanghai and Shenzhen exchanges. © Reuters QINZHOU, China — Chinese memory chip maker CXMT on Thursday surpassed Tencent Holdings by market capitalization, becoming the most […]

By deepak · August 13, 2026 · 1 min read

AI capex fears weigh on investor sentiment surrounding big gaming and ad group

Chinese memory chipmaker CXMT went public in July and immediately became the most valuable company listed on the Shanghai and Shenzhen exchanges. © Reuters

QINZHOU, 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.

Source: Read the original article on asia.nikkei.com