CXMT overtakes Tencent to become the most valuable Chinese company, with a ~$524B market cap, above Tencent's $510B; CXMT's Shanghai shares jumped 460%+ at IPO (Bloomberg)
CXMT has surpassed Tencent as the most valuable Chinese company with a market cap of approximately $524 billion. This shift in valuation occurred after CXMT's Shanghai shares experienced a significant increase of over 460% at its initial public offering. The change in market cap positions CXMT above Tencent, which has a market cap of around $510 billion.
- ▪CXMT's market cap is approximately $524 billion, surpassing Tencent's $510 billion.
- ▪CXMT's Shanghai shares jumped over 460% at its initial public offering.
- ▪The significant increase in CXMT's share price led to it becoming the most valuable Chinese company.
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| Original publisher | Techmeme |
| Canonical URL | https://www.techmeme.com/260813/p20#a260813p20 |
| Publication time | Thu, 13 Aug 2026 06:45:16 -0400 |
| Retrieval time | 2026-08-13T11:08:41.598Z |
| Last seen | 2026-08-13T11:08:41.598Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
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| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
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About This Page This is a Techmeme archive page. It shows how the site appeared at 6:45 AM ET, August 13, 2026. The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated. From Mediagazer Meg James / Los Angeles Times: Sources: Paramount's board approved David Ellison's plan to possibly leave California, selling its 65-acre lot in Hollywood and the Warner Bros. Burbank campus Dan Mangan / CNBC: President Trump announces that White House Press Secretary Karoline Leavitt will leave her post by the end of August to spend more time with her family Benjamin Mullin / New York Times: Sources: Forbes fired Chief Content Officer Randall Lane last month after finding he received ~$6M from R.J.
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