Top 10 Biggest Companies In Asia Based on Market Capitalization (2024 Report)
| Summary |
This year's list shows how many different types of industries are helping Asia's economy grow, from banking and technology to cars and telecommunications. These companies are not only the best in Asia, but they are also big names in the world stage, which shows how dynamic Asia's economies are.
These numbers show which Asian businesses are worth the most on the stock market. In many areas, like technology, cars, banking, and drinks, this shows how important they are to the world economy.
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| Top 10 Largest Companies In Asia By Market Capitalization Today |
Top 10 Largest Companies In Asia By Market Capitalization Today
As of 2024, the top 10 largest companies in Asia by market capitalization are:
1. Taiwan Semiconductor Manufacturing Company Limited (TSMC) - $605 billion
With a staggering market cap of $605 billion, TSMC continues to lead not only in Asia but also globally as the linchpin of the semiconductor industry. Its dominance underscores the critical role of high-tech manufacturing in today's economy.
As the world's leading semiconductor manufacturer, TSMC specializes in the production of high-performance integrated circuits and related services. The company's advanced manufacturing capabilities are crucial for global electronics, powering everything from smartphones to high-end computing devices.
2. Samsung Electronics Co., Ltd. - $366 billion
At a market cap of $366 billion, South Korea's Samsung Electronics is a powerhouse in consumer electronics and semiconductors, continually pushing the boundaries of innovation in technology.
A flagship subsidiary of the Samsung Group, Samsung Electronics is a global leader in technology, spanning advanced mobile devices, semiconductors, and consumer electronics. It is known for its innovation in smartphones, televisions, and household appliances.
3. Toyota Motor Corporation - $340 billion
Toyota, valued at $340 billion, remains a global leader in the automotive industry, renowned for its commitment to quality, sustainability, and the future of mobility.
Toyota is a major automotive manufacturer, celebrated for its extensive lineup of vehicles ranging from compact cars to SUVs and trucks. The company is also at the forefront of hybrid technology and initiatives towards more sustainable transportation solutions.
4. Tencent Holdings Limited - $326 billion
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| Tencent Holdings Limited |
China's Tencent, with a market cap of $326 billion, thrives at the intersection of technology, entertainment, and financial services, highlighting the vast consumer market in Asia.
Tencent is a Chinese multinational conglomerate with a diverse portfolio including social networking, messaging (WeChat), gaming, and online services. It is a major player in the internet industry not just in China, but globally.
5. Kweichow Moutai Co., Ltd. - $293 billion
Famed for its premium baijiu, Kweichow Moutai has not just captured China's spirit market but also investor interest, with a valuation of $293 billion.
This company is renowned for producing Moutai, a premium brand of Chinese baijiu. Its products are deeply ingrained in Chinese culture and celebrated for their unique flavor and craftsmanship, often used in official state banquets and ceremonial occasions.
6. Industrial and Commercial Bank of China Limited - $245 billion
As the world's largest bank by total assets, ICBC's market cap of $245 billion reflects its pivotal role in global finance.
ICBC stands as the largest bank in the world by assets and offers a comprehensive range of financial services. It serves as a global banking giant with extensive domestic and international operations, including banking, investment, and asset management services.
7. Reliance Industries Ltd - $231 billion
India’s largest private sector company by market cap, valued at $231 billion, Reliance Industries has diverse interests spanning from petrochemicals to telecom.
Headquartered in Mumbai, India, Reliance Industries operates across various sectors such as petrochemicals, refining, oil, telecommunications, and retail. It is one of India's largest private-sector enterprises, spearheaded by its significant contributions to the country's energy sector.
8. PetroChina Company Limited - $218 billion
Another of China’s behemoths, PetroChina is valued at $218 billion, central to China's energy security and economic growth.
As one of the largest oil and gas producers and distributors in China, PetroChina is involved in the exploration, development, and production of crude oil and natural gas, refining, and the production and sales of petrochemical products.
9. Agricultural Bank of China Limited - $202 billion
With a market cap of $202 billion, this institution is key to China's agricultural development and rural prosperity.
One of the "Big Four" banks in China, it provides comprehensive financial services across rural, suburban, and urban areas, focusing heavily on supporting agricultural sectors, small and medium enterprises, and farmers.
10. China Mobile Limited - $191 billion
Rounding out the top ten with a market cap of $191 billion, China Mobile leads in providing mobile services and digital solutions across China.
As the largest telecommunications services provider in China and one of the largest in the world, China Mobile offers mobile voice and multimedia services through its nationwide mobile telecommunications network and a growing array of digital services.
Full List of the Largest Companies by Market Capitalization in Asia Today
| 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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