Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    51 Chinese companies find a place in Hurun Global 500 rankings

    By HE WEI in Shanghai | China Daily | Updated: 2021-01-13 09:57
    Share
    Share - WeChat
    The booth of Tencent Holdings Ltd during an expo in Wuzhen, Zhejiang province. CHENG JIE/FOR CHINA DAILY

    China ranks second after the United States in terms of wealthy non-State-owned companies, and their combined wealth rose by 25 percent despite the novel coronavirus epidemic, a new study said on Tuesday.

    A total of 51 Chinese companies made it to the latest Hurun Global 500 List, which tracks the world's richest non-State-owned companies. The US led the rankings with 242 companies.

    The first-ever such list includes publicly-traded firms based on market capitalization and valuations of non-listed companies. US-based tech giant Apple Inc took the top slot with an estimated value of $2.1 trillion.

    Despite the lingering COVID-19 epidemic, Hurun said the total value of the companies rose by 25 percent from a year ago with the cutoff date being on Dec 1. Among the 60 companies that doubled in value, 25 came from the US and 21 from China.

    "COVID-19 put rocket fuel under an already powerful tech boom, resulting in a concentration of massive economic power," said Rupert Hoogewerf, chairman and chief researcher of Hurun Report. "The Top 10, for example, were worth $10 trillion, accounting for 20 percent of the Hurun Global 500."

    Companies from the Hurun Global 500 List were founded in 1956 on average, with collective sales last year of $38 billion and 86,000 employees on their payrolls. Together they were worth a massive $50 trillion, equivalent to the combined GDP of the world's six largest economies or 60 percent of the global GDP.

    China's 51 companies had a combined value of $5.2 trillion, more than the combined total of the next three countries of Japan, France and the UK. They were led by Tencent Holdings Ltd which was worth $712 billion and Alibaba Group Holding Ltd, the only two non-US companies in the Top 10 list.

    Electric cars, healthcare and e-commerce saw the fastest growth, with electric carmakers like Nio, Xpeng Motors and Tesla among the biggest gainers in terms of percentage growth.

    The list had 61 startups that were set up in the 2000s, with e-commerce platform Pinduoduo, which was established in 2015, the youngest in the list.

    The pandemic boosted the value of vaccine producer Moderna nearly sixfold to $55.4 billion. It also gave a fillip to e-commerce firms led by Pinterest and Pinduoduo, as well as food delivery companies DoorDash and Meituan.

    Meanwhile, the biggest losers due to the epidemic were energy companies, as oil prices declined by 23 percent. Exxon-Mobil, formerly the most valuable company in the world, saw its value fall by 44 percent to $163 billion, while its ranking stood at 61. Airplane manufacturers and traditional financial services companies also lost ground.

    Jiang Nanchun, head of digital media consultancy Focus Media, said Chinese brands will take more spots on the list and excel in the long run given "their agility and adaptability to changing market needs amid global economic uncertainties".

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    久久精品无码专区免费青青 | 人妻精品久久无码区| 亚洲无av在线中文字幕| 久久久久久国产精品免费无码| 婷婷综合久久中文字幕蜜桃三电影 | 国产AV无码专区亚洲AVJULIA | 最近2019中文字幕免费直播| 精品无码久久久久久国产| 中文字幕丰满伦子无码| 日本中文字幕一区二区有码在线| 人妻少妇看A偷人无码精品| 无码人妻精品一区二区在线视频| 亚洲欧美精品综合中文字幕| 亚洲av中文无码乱人伦在线咪咕| 精品欧洲AV无码一区二区男男 | 国产成人精品无码一区二区三区 | 天码av无码一区二区三区四区| 日韩乱码人妻无码中文字幕久久| 精品人无码一区二区三区| 亚洲AV无码专区亚洲AV伊甸园| 久久无码AV一区二区三区| 亚洲日韩中文字幕日韩在线| 久久亚洲精精品中文字幕| 色综合久久中文字幕无码| 中文字幕无码不卡免费视频| 亚洲国产成人精品无码久久久久久综合 | 精品亚洲A∨无码一区二区三区| 亚洲桃色AV无码| 人妻少妇无码精品视频区 | AV无码久久久久不卡蜜桃| 再看日本中文字幕在线观看| 亚欧成人中文字幕一区| 精品久久久无码人妻中文字幕豆芽| 天堂√最新版中文在线| 中文字幕精品一区二区精品| 中文字幕无码第1页| 人妻少妇久久中文字幕一区二区 | 中文字幕人妻无码一夲道| 中文字幕在线精品视频入口一区| 亚洲精品乱码久久久久久中文字幕 | 无码一区二区三区|