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

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' battl