MT Newswires Live08-13 18:23
ChangXin Memory Technologies (SHA:688825) has overtaken Tencent (HKG:0700) as the most valuable Chinese company, according to data from TradingView.
Newly listed CXMT's market capitalization reached $530.1 billion, eclipsing Tencent's $529.3 billion.
Tencent's valuation slid to $510 billion while facing concerns over its AI investments, Bloomberg reported separately.
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