Current location:entertainment >>
Chinese companies retain 2nd place on Hurun Top 500
entertainment9266People have gathered around
IntroductionChina retains its second place among the latest version of Global 500 companies, followed by Japan a ...
China retains its second place among the latest version of Global 500 companies, followed by Japan and the UK, according to 2023 Hurun Global 500 Report released on Wednesday.
A total of 33 Chinese companies made to the list, led by Taiwan-based TSMC, Tencent and Alibaba, according to the report.
The report revealed that China is home to 6.6 percent of the top 500 companies with 33 entries, led by TSMC worth 3.7 trillion yuan ($512 billion), and Tencent worth 2.8 trillion yuan ($393 billion).
And, 244 non-China multinational companies have set up branch offices in China, with 63 percent headquartered in Shanghai, followed by 27 percent in Beijing, which shows that multinational corporations are positive about China's market performance and growth potential, analysts said.
"The establishment of regional headquarters in China may be to get closer to the Chinese market and understand the needs of local consumers, as well as to leverage China's resources and policy advantages to expand their business. All of this indicates their stable expectations for the Chinese market," Wang Peng, an associate research fellow from the Beijing Academy of Social Science, told the Global Times on Wednesday.
Shanghai-based e-commerce platform Pinduoduo moved up 147 slots to arrive at 63, on the back of stronger than expected sales in domestic market and a successful launch into the U.S. market, the report said.
About one third of the Hurun Global 500 of five years ago have dropped off the list. The worst performer was Alibaba, down by $300 billion in market valuation, according to Rupert Hoogewerf, chairman and chief researcher of Hurun Report.
The average age of Chinese companies on the list is 27 years, much younger than the average 68 years of the whole list. The list of youngest start-ups is led by Pinduoduo, worth $152 billion, ChatGPT parent OpenAI, and Chinese EV Manufacturer Li Auto, which were all launched in 2015.
"For those Chinese companies, they should actively increase investment in the research and application of AI such as intelligent manufacturing, smart finance, and smart healthcare to promote industrial upgrading and efficiency improvement, continuously improving their own strength and market competitiveness," said Wang.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Waves news portal”。http://bangladesh.havadist.com/article-900f999011.html
Related articles
Nadal tested in 3
entertainmentMADRID (AP) — Rafael Nadal’s body withstood its toughest test yet at the Madrid Open as he needed th ...
Read moreChinese military spokesperson answers media questions during annual legislative session
entertainmentA Chinese military spokesperson on Saturday answered media questions during the ongoing second sessi ...
Read moreXi meets Merieux Foundation president and his wife
entertainmentChinese President Xi Jinping talks with President of the Merieux Foundation Alain Merieux at the Gre ...
Read more
Popular articles
- Arkansas teacher, 26, is charged with sexually assaulting 15
- China remains top merchandise exporter in 2023 for 7th straight year
- Xi meets Merieux Foundation president and his wife
- Mike Trout's 2
- Chinese FM meets with chairman of MSC Foundation
- Masseur, 47, 'rapes British pensioner, 71, after massaging her' in Portugal
Latest articles
At least 40 people die in Kenya after dam collapses
China remains top merchandise exporter in 2023 for 7th straight year
Why the royals are no fans of Buckingham Palace... and what it's really like to live there
China issues guideline to boost e
Sri Lanka expresses hope to join BRICS+
Russia detains 3 more suspects involved in Moscow terror attack
LINKS
- Auckland trains on eastern and southern lines suspended
- Why is bitcoin halving
- When the touchy
- 'It has taken us time to explain to George, Charlotte and Louis
- Why is bitcoin halving
- Born on this day
- Who could have saved the Middletons' Party Pieces from disaster? A well
- Sandringham House is filled with the spirit of the King's gentle
- Meghan Markle purchased pair of £1990 diamond earrings from Dragons' Den hopefuls
- Queen Maxima of the Netherlands wows in blue as she meets students in Amsterdam