ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Alibaba becomes most valuable Asian company as market cap tops $500bn

Samsung and TSMC surged in 2019; Indian automakers and SE Asian airlines slumped

Alibaba's market value grew to $570 billion in 2019 through Dec. 20, ensuring that it will end the year as Asia's most valuable company.   © Reuters

SINGAPORE -- Asian tech companies' market caps have grown significantly this year as the tech cycle turned up and investors began pricing in economic recoveries, factors that moved the market capitalization of Chinese internet giant Alibaba Group Holding to well over $500 billion.

With recession fears having been dispelled and lower interest rates prevailing globally, analysts say equities will attract more investments next year and that the valuations of Asia's leading tech companies could reach higher.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more