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CXMT overtakes Tencent as China's most valuable company after Shanghai IPO shares jump 460%+
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CXMT reached a ~$524B market cap, surpassing Tencent's $510B, making it the most valuable Chinese company following a Shanghai IPO where shares surged 460%+.
A Chinese semiconductor manufacturer now carries a higher public-market valuation than Tencent, signaling where capital is concentrating. The story is carried by a single feed (Bloomberg via Techmeme), so corroboration is limited and the figures should be treated accordingly.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
CXMT's ~$524B market cap exceeded Tencent's $510B, making CXMT the most valuable Chinese company.
CXMT's Shanghai-listed shares jumped 460%+ at IPO, driving the valuation surge.
Only one feed carries this story, limiting corroboration of the market-cap and IPO figures.
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