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CEOWORLD magazine - Latest - Special Reports - Asia’s Largest Companies by market capitalization, 2024

Special Reports

Asia’s Largest Companies by market capitalization, 2024

Hong Kong

As of September 6, 2024, TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED is the most valuable company in Asia, with a market cap of $729 billion. Following it are TENCENT HOLDINGS LIMITED ($442 billion) and Samsung Electronics Company Limited ($343 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

RANKCOMPANYMARKET CAPITAL (USD DOLLAR)
1TSMC (TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY)$729 billion
2TENCENT HOLDINGS LIMITED$442 billion
3SAMSUNG ELECTRONICS CO., LTD.$343 billion
4INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED$261 billion
5KWEICHOW MOUTAI CO., LTD.$249 billion
6TOYOTA MOTOR CORPORATION$245 billion
7RELIANCE INDUSTRIES LTD$241 billion
8AGRICULTURAL BANK OF CHINA LIMITED$216 billion
9CHINA MOBILE LIMITED$203 billion
10PETROCHINA COMPANY LIMITED$203 billion
11TATA CONSULTANCY SERVICES LTD.$193 billion
12BANK OF CHINA LIMITED$176 billion
13CHINA CONSTRUCTION BANK CORPORATION$175 billion
14HDFC BANK LIMITED$149 billion
15CNOOC LIMITED$125 billion
16MITSUBISHI UFJ FINANCIAL GROUP, INC$121 billion
17CATL (CONTEMPORARY AMPEREX TECHNOLOGY)$115 billion
18SONY GROUP CORPORATION$114 billion
19KEYENCE CORPORATION$112 billion
20CHINA LIFE INSURANCE COMPANY LIMITED$111 billion
21BHARTI AIRTEL LIMITED$110 billion
22HITACHI, LTD.$109 billion
23CHINA MERCHANTS BANK CO., LTD.$109 billion
24CHINA PETROLEUM & CHEMICAL CORPORATION$104 billion
25CHINA SHENHUA ENERGY COMPANY LIMITED$104 billion
26ICICI BANK LIMITED$104 billion
27CHINA YANGTZE POWER CO., LTD.$100 billion
28PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.$99.27 billion
29BYD COMPANY LIMITED$97.84 billion
30INFOSYS LIMITED$95.33 billion

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CEOWORLD magazine - Latest - Special Reports - Asia’s Largest Companies by market capitalization, 2024
Christina Miller
Associate News Editor at CEOWORLD Magazine. I lead the reporting team that covers US financial services and I write a business column for the opinion section. I write news pieces about the US and European market for start-ups and interview CEOs for our interview slot. I also presented one of the CEOWORLD magazine's early podcast hits, Money Stories, in which I persuadeded notable CEOs to share insights into the breaking news, moments of crisis and key decisions that enabled them to build successful international companies.