Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier
Chinese memory chipmaker CXMT reports H1 revenue of ~$22.4B, more than double its 2025 sales, and ~$11.5B in profit, compared to a loss a year earlier
CXMT Corp.'s first-half revenue leapt almost 10-fold while profit surged, reflecting a rush for AI hardware that's made the memory chipmaker China's most valuable business.
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
CXMT Corp. has overtaken Hong Kong-listed Tencent Holdings Ltd. as the world's most valuable Chinese company …
A look at Chinese state-owned investment bank CICC, which sponsored multibillion-dollar listings of China's tech champions, including CXMT and Zhongji Innolight
Financial Times:
A look at Chinese state-owned investment bank CICC, which sponsored multibillion-dollar listings of China's tech champions, including CXMT and Zhongji Innolight
CICC has become a dominant financier in Beijing's drive to compete with US in tech race — China's top investment bank …
CXMT's IPO prospectus showed Alibaba had a nearly 5% stake, which is now worth $20B+, a nearly 20x return, based on CXMT's ~$464B closing market cap on July 28
ChangXin Memory Technologies (CXMT) and Zhipu AI have not only seen their share prices skyrocket, but they have also handed a windfall …
CXMT's IPO delivers a windfall for Hefei, an eastern China inland industrial city, with the government sitting on 5,000%+ paper gains after its early investment
Funds run by local government make gains of 5,000% from chipmaker's blockbuster listing — A blockbuster IPO by CXMT has delivered …
CXMT's stock closed up 466% in its Shanghai debut, giving the Hefei-based memory chipmaker a ~$487B market cap, making it the most valuable China-listed company
CXMT's stock closed up 466% in its Shanghai debut, giving the Hefei-based memory chipmaker a ~$487B market cap, making it the most valuable China-listed company
Shares of chipmaker Changxin Technology Group soared nearly 466% Monday in their debut on Shanghai's tech-heavy STAR Market, making CXMT the most valuable China-listed company.
CXMT, which raised $9.8B in a hugely oversubscribed Shanghai IPO, is poised for a debut pop that could lift its market cap several times above its initial ~$85B
Investor excitement over the memory chip trade is setting outsize expectations for the Shanghai debut of CXMT Corp. …