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Hurun Releases 2019 China¡¯s Top 500 Private Enterprises List: Ali, Tencent, Ping An in the Top Three

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Hurun Releases 2019 China¡¯s Top 500 Private Enterprises List: Ali, Tencent, Ping An in the Top Three Others


Hurun Research Institute released the 2019 Hurun China 500 Private Enterprises. According to the list, Alibaba is the first with a market capitalization of 3.8 trillion yuan, Tencent is second with a market capitalization of 2.9 trillion yuan, and Ping An Insurance is third with a market capitalization of 1.5 trillion yuan. The top 10 private companies in the list are: Alibaba (3.8 trillion), Tencent Holdings (2.9 trillion), Ping An Insurance (1.5 trillion), Huawei Investment Holdings (1.2 trillion), Ant Financial (1 trillion), Meituan Dianping (550 billion), ByteDance (530 billion), Hengrui Pharma (380 billion), American Group (377 billion) and Didi Chuxing (360 billion).
According to the report, the threshold for the “2019 Hurun China 500” is 14 billion yuan, with a total market value of 36 trillion yuan, equivalent to 40% of China’s 2018 GDP and an average market capitalization of 71 billion yuan.
 
Hurun, chairman and chief investigator, said two-thirds of the top 500 are listed companies, with the remaining third being listed or only partially listed. More than 50 enterprises are state-owned restructuring enterprises, accounting for more than 10%, including Gree electric appliances and Shuanghui.
In terms of distribution, Beijing ranked first in terms of number of private enterprises, with 101 companies on the list, Shanghai and Shenzhen ranked second and third with 67 and 63 respectively, while Hangzhou and Guangzhou ranked fourth and fifth with 29 and 28 respectively, followed by Suzhou (10), Chengdu (9), Nanjing (9), Hefei (8) Shaoxing (8).



£¨source£ºSmall tech news£©










 
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