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China's memory chip giant CXMT surpasses Tencent in market value, becoming the highest market cap company in China's A+H share market.
svmuu.com13/08/2026 05:46
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On Thursday's close, CXMT's market capitalization reached 3.54 trillion yuan, surpassing Tencent (3.44 trillion yuan) for the first time, making it the highest-valued listed company in mainland China and Hong Kong. Since its listing on the STAR Market over two weeks ago, CXMT's cumulative increase has exceeded 500%, while Tencent's stock price plummeted by 4.5% after announcing its Q2 earnings. Market analysts believe this phenomenon reflects the accelerated shift of capital from internet platforms to hardware assets such as semiconductors, driven by the AI boom.
Source：华尔街见闻 · Source Link
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