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

Asia's multinationals are hoarding cash like never before

Japan Inc. is no longer the only inveterate cash-stasher in the region

A man walks past an advertisement for currency exchange services in Cairo on Sept. 12.   © Reuters

TOKYO Japan's Toyota Motor has always been known for squirreling away cash. But these days the automaker -- nicknamed "Toyota Bank" for its $143 billion of reserves -- has plenty of company, especially among new Asian multinationals.

Since 2000, the liquid assets of Chinese internet giant Tencent Holdings have swelled by a factor of 12 to $51.8 billion, according to data compiled by Quick-FactSet. China Mobile, the world's largest wireless carrier, has liquid holdings of $90.3 billion.

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