CXMT overtakes Tencent to become China's top stock by market cap…surpasses $500 billion

BABA +4.68% JD +2.25% MORN +3.13%

1. 1Memory chip maker CXMT dethrones Tencent to claim No. 1 market cap in China last week
2. 2Market cap surpasses $500 billion…shares up more than 500% just three weeks after listing
3. 3Amid sluggish private big tech, investment shifts to hardware aligned with Beijing's strategy

Source Bloomberg · View original ↗

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