Memory maker CXMT overtakes Tencent to become China's most valuable company 17 days after its IPO — now worth $524 billion

Tom's Hardware
Aug 13, 2026, 9:27 am103 ptsTrending
ChangXin Memory Technologies (CXMT) is now the world's most valuable Chinese company after passing Tencent today, with a market cap of $524 billion against the Internet giant's $511 billion. CXMT's own shares fell 1.2% on the day; the crossover happened because Tencent fell further after disclosing a 176% surge…

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