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CXMT overtakes Tencent as China’s most valuable listed company · TechNode
On August 13, CXMT Corporation achieved a milestone by becoming China's most valuable publicly listed company, surpassing Tencent in market capitalization. This follows a remarkable opening on Shanghai's STAR Market, where shares rose significantly from an IPO price of RMB8.66 to approximately RMB49.50, equating to a 471.59% increase. As trading progressed, the stock briefly exceeded RMB55, increasing CXMT's market value to around RMB3.7 trillion.
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Published 14 Aug 2026, 06:05 UTC1 min read
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Summary
TL;DR
- CXMT's market value reached about RMB3.54 trillion.
- Successfully overtook Tencent's market cap of RMB3.45 trillion.
- Shares surged 471.59% post-IPO on July 27.
- Initial share price set at RMB8.66.
- Stock opened at RMB49.50, indicating strong investor demand.
Interesting facts
- CXMT's dramatic increase showcases a competitive shift in China's tech industry.
- The company specializes in DRAM, which is a critical component in electronics.
What changed
CXMT has emerged as the leading public company in China by market value, surpassing Tencent.