As of March 8, 2024, TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED is the most valuable company in Asia, with a market cap of $605 billion. Following it are Samsung Electronics Company Limited ($366 billion) and TOYOTA MOTOR CORPORATION ($340 billion). Asia’s top five most valuable companies include some of the world’s most renowned brands: TENCENT HOLDINGS LIMITED (No. 4, $326 billion) and Kweichow Moutai (No. 5, $293 billion).
Overall, among Asia’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by Industrial And Commercial Bank Of China Limited, Reliance Industries Ltd, Petro China Company Limited, Agricultural Bank Of China Limited, and China Mobile Limited.
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) | CEO |
|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED | $605 biilion | C. C. Wei |
| 2 | SAMSUNG ELECTRONICS CO., LTD | $366 biilion | Kye-hyun Kyung |
| 3 | TOYOTA MOTOR CORPORATION | $340 biilion | Koji Sato |
| 4 | TENCENT HOLDINGS LIMITED | $326 biilion | Huateng Ma |
| 5 | KWEICHOW MOUTAI CO., LTD. | $293 biilion | Jingren Li |
| 6 | INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | $245 biilion | Gu Shu |
| 7 | RELIANCE INDUSTRIES LTD | $231 biilion | Mukesh Dhirubhai Ambani |
| 8 | PETROCHINA COMPANY LIMITED | $218 biilion | Wang Dongjin |
| 9 | AGRICULTURAL BANK OF CHINA LIMITED | $202 biilion | Shu Gu |
| 10 | CHINA MOBILE LIMITED | $191 biilion | Dong Xin |
| 11 | TATA CONSULTANCY SERVICES LTD. | $178 biilion | K. Krithivasan |
| 12 | BANK OF CHINA LIMITED | $166 biilion | Romeo D. Uyan, Jr. |
| 13 | CHINA CONSTRUCTION BANK CORPORATION | $158 biilion | Zhang Jinliang |
| 14 | HDFC BANK LIMITED | $132 biilion | Sashidhar Jagdishan |
| 15 | MITSUBISHI UFJ FINANCIAL GROUP, INC | $128 biilion | Hironori Kamezawa |
| 16 | TOKYO ELECTRON LTD. | $123 biilion | Toshiki Kawai |
| 17 | KEYENCE CORPORATION | $120 biilion | Yu Nakata |
| 18 | CHINA MERCHANTS BANK CO., LTD. | $109 biilion | Liang Wang |
| 19 | CNOOC LIMITED | $107 biilion | Xinhuai Zhou |
| 20 | SONY GROUP CORPORATION | $106 biilion | Kenichiro Yoshida |
| 21 | CHINA SHENHUA ENERGY COMPANY LIMITED | $104 biilion | Zhi Ren Lv |
| 22 | NIPPON TELEGRAPH AND TELEPHONE CORPORATION | $103 biilion | Akira Shimada |
| 23 | CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED | $100 biilion | Zeng Yuqun |
| 24 | CHINA PETROLEUM & CHEMICAL CORPORATION | $97.8 biilion | Yu Baocai |
| 25 | PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD. | $95.88 biilion | Yonglin Xie |
| 26 | LIFE INSURANCE CORPORATION OF INDIA | $77.16 biilion | M. Jagannath |
| 27 | BYD COMPANY LIMITED | $75.2 biilion | Wang Chuanfu |
| 28 | WULIANGYE YIBIN CO.,LTD. | $74.99 biilion | Cong Qin Zeng |
| 29 | CHINA TELECOM CORPORATION LIMITED | $71.07 biilion | Ke Ruiwen |
| 30 | CHUGAI PHARMACEUTICAL CO., LTD | $70.37 biilion | Osamu Okuda |
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