TSMC overtakes Tencent to become Asia's most valuable company, as China crackdown takes a toll

[F-22Raptor]

The world's largest chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has overtaken Chinese tech behemoth Tencent to become Asia's most valuable firm.

It comes as Beijing's regulatory crackdown on the country's tech sector in the past few months has slammed the valuations of Chinese tech giants Tencent and Alibaba.


TSMC, a major supplier to Apple, overtook Tencent earlier in August. The Taiwanese chipmaker is now sitting at the top spot by market capitalization — among Asia firms — at more than $538 billion, according to data from Refinitiv Eikon as of Wednesday morning during Asia hours.

Tencent sat in second place, with a market capitalization of more than $536 billion while Alibaba was a distant third at about $472 billion.

https://www.cnbc.com/2021/08/18/tai...takes-tencent-amid-chinas-tech-crackdown.html

 

[Beast]

We don't recognized american political ranking..

 

[Yongpeng Sun-Tastaufen]

TenCent owns 5% of Tesla. It's pretty sick.

 

[nang2]

TenCent owns 5% of Tesla. It's pretty sick.

It is called diversification. You don't do much investment, do you?

 

[INS_Vikrant]

Why is Chinese govt all of sudden going after its own tech cos? First Alibaba and now Tencent. I guess seeing how influential American tech giants have become all over the world they want to limit the influence these domestic cos have on Chinese public, even if it means wiping out 100s of billion dollars in valuation of these firms.

 

[nang2]

Why is Chinese govt all of sudden going after its own tech cos? First Alibaba and now Tencent. I guess seeing how influential American tech giants have become all over the world they want to limit the influence these domestic cos have on Chinese public, even if it means wiping out 100s of billion dollars in valuation of these firms.

Influence among Chinese people. In China, nobody is allowed to compete with CCP for the influence among Chinese people.

 

[Yongpeng Sun-Tastaufen]

Why is Chinese govt all of sudden going after its own tech cos? First Alibaba and now Tencent. I guess seeing how influential American tech giants have become all over the world they want to limit the influence these domestic cos have on Chinese public, even if it means wiping out 100s of billion dollars in valuation of these firms.

Tech is supported as long as they do not conduct corruption. China is big backer of tech. Tech is basically worshipped as god in China. After China got butt kicked by western tech in the 1800s China see tech as most important for self dignity.

 

[nang2]

Tech is supported as long as they do not conduct corruption. China is big backer of tech. Tech is basically worshipped as god in China. After China got butt kicked by western tech in the 1800s China see tech as most important for self dignity.

Corruption prevention is the wrong reason. In China, there are always two types of corruption. The good corruption and the bad one. Every authoritarian ruler, if he wants to rule effectively, needs to take care of his own cohorts. Thus he needs to make sure they have enough incentives to back him and execute his orders. Their corruption is good corruption and well tolerated until a new ruler comes along and brings a new group of cohorts. Then, it becomes bad corruption to eradicate for various reasons.

In this case, is tech conducting the bad corruption or the good one?

 

[StraightEdge]

Valuation is a weird business, you never know how share prices plays out. Make money while you can.

 

[Hamartia Antidote]

TenCent owns 5% of Tesla. It's pretty sick.

How much does Tencent own of hot EV companies Nio, Xpeng, and BYD?

 

[Yongpeng Sun-Tastaufen]

How much does Tencent own of hot EV companies Nio, Xpeng, and BYD?

TenCent has 16.3% of Nio.

tencent nio stake - Google Search

 

[Beast]

How much does Tencent own of hot EV companies Nio, Xpeng, and BYD?

Why WarrenBuffet , considered the greatest or best US investor invest in BYD but not Tesla?

 

[Hamartia Antidote]

Why WarrenBuffet , considered the greatest or best US investor invest in BYD but not Tesla?

Because Tesla was just a few guys in a garage in 2008 when Buffet started moving into BYD...but 12 years later by 2020 Tesla had the top selling EV in China for the year...and has a Market Cap exceeding Buffet's entire 182 year old company.

 

[Viet]

The world's largest chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has overtaken Chinese tech behemoth Tencent to become Asia's most valuable firm.

It comes as Beijing's regulatory crackdown on the country's tech sector in the past few months has slammed the valuations of Chinese tech giants Tencent and Alibaba.


TSMC, a major supplier to Apple, overtook Tencent earlier in August. The Taiwanese chipmaker is now sitting at the top spot by market capitalization — among Asia firms — at more than $538 billion, according to data from Refinitiv Eikon as of Wednesday morning during Asia hours.

Tencent sat in second place, with a market capitalization of more than $536 billion while Alibaba was a distant third at about $472 billion.

https://www.cnbc.com/2021/08/18/tai...takes-tencent-amid-chinas-tech-crackdown.html

Chinese stocks are toxic. Too reliant on politics. Shares can rise and crash at Ccp mercy. Xi Jingping is like a Roman emperor he has the magic finger up and down. I was lured by chinese promise of paradise now my stock holdings are in deep red territory.

 

[kankan326]

Why is Chinese govt all of sudden going after its own tech cos? First Alibaba and now Tencent. I guess seeing how influential American tech giants have become all over the world they want to limit the influence these domestic cos have on Chinese public, even if it means wiping out 100s of billion dollars in valuation of these firms.

1. These companies use their domination to prevent competition. 10 years ago they were positive factor for social development. Now they gradually became negative factor.
2. These companies have penetrated every corner people's daily life, including finance and media. China is socialism country. The government can not let capital control the country.