As of January 17, 2025, TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED is the most valuable company in Asia, with a market cap of $870 billion. Following it are TENCENT HOLDINGS LIMITED ($448 billion) and INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED ($301 billion).
Which one is the most valuable in Asia by market cap?
This list comprises the biggest companies currently in Asia by market cap in 2024:
Asia’s Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) |
|---|---|---|
| 1 | TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY) | $870 billion |
| 2 | TENCENT HOLDINGS LIMITED | $448 billion |
| 3 | INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | $301 billion |
| 4 | KWEICHOW MOUTAI CO., LTD. | $248 billion |
| 5 | SAMSUNG ELECTRONICS CO., LTD. | $247 billion |
| 6 | TOYOTA MOTOR CORPORATION | $239 billion |
| 7 | AGRICULTURAL BANK OF CHINA LIMITED | $239 billion |
| 8 | PETROCHINA COMPANY LIMITED | $216 billion |
| 9 | CHINA MOBILE LIMITED | $213 billion |
| 10 | CHINA CONSTRUCTION BANK CORPORATION | $200 billion |
| 11 | BANK OF CHINA LIMITED | $199 billion |
| 12 | RELIANCE INDUSTRIES LTD | $186 billion |
| 13 | TATA CONSULTANCY SERVICES LTD. | $176 billion |
| 14 | CATL (CONTEMPORARY AMPEREX TECHNOLOGY) | $150 billion |
| 15 | HDFC BANK LIMITED | $146 billion |
| 16 | MITSUBISHI UFJ FINANCIAL GROUP, INC | $141 billion |
| 17 | CHINA MERCHANTS BANK CO., LTD. | $140 billion |
| 18 | CNOOC LIMITED | $125 billion |
| 19 | SONY GROUP CORPORATION | $124 billion |
| 20 | CHINA LIFE INSURANCE COMPANY LIMITED | $122 billion |
| 21 | BHARTI AIRTEL LIMITED | $113 billion |
| 22 | MEITUAN INC. | $112 billion |
| 23 | PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | $111 billion |
| 24 | XIAOMI CORPORATION | $110 billion |
| 25 | BYD COMPANY LIMITED | $104 billion |
| 26 | CHINA SHENHUA ENERGY COMPANY LIMITED | $103 billion |
| 27 | ICICI BANK LIMITED | $102 billion |
| 28 | KEYENCE CORPORATION | $101 billion |
| 29 | RECRUIT HOLDINGS CO., LTD | $101 billion |
| 30 | SK HYNIX INC. | $99.3 billion |
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