🇨🇳 The Most Valuable Chinese Companies Listed on U.S. Stock Exchanges

Key Takeaways

• China’s most valuable company listed in the U.S. is Alibaba, one of the largest-ever IPOs of the decade.
• Since its IPO days, the company’s market cap has grown 13x to $285 billion as of April 28th, 2025.
• NetEase which listed in 2000 is the oldest U.S.-listed Chinese company in the top 30 by market cap.

💹 Chinese IPOs in the U.S. Are Making a Comeback

After two years of muted activity—due to rising geopolitical tensions, and security concerns—Chinese IPOs in the U.S. are making a comeback.

Since January 2024, 48 new listings have occurred, led mostly by small cap companies with an average IPO of $50 million.

For context, the Chinese government clamped down on offshore listings in 2021. They introduced a new data review process that could block an overseas IPO if the government felt it threatened Chinese national security.