Current location:entertainment >>
Chinese companies retain 2nd place on Hurun Top 500
entertainment5People 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.“Culture Compass news portal”。http://mauritius.downmusic.org/news-47c599941.html
Related articles
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
entertainmentST. PAUL, Minn. (AP) — A plan to boost pay for Uber and Lyft drivers in Minnesota that lawmakers bel ...
Read moreJohn Swinney clashes with SNP's former Green allies over 'regressive' decision to make anti
entertainmentScotland's new First Minister John Swinney clashed with the SNP's former Green allies today as he de ...
Read moreDespite revenue downgrade, North Carolina anticipates nearly $1B more in cash
entertainmentRALEIGH, N.C. (AP) — North Carolina officials downgraded a projected state revenue surplus through m ...
Read more
Popular articles
- Here comes the char
- Is this the best value safari in Africa? This fly
- Kuwait's emir dissolves parliament again, amid political gridlock in oil
- Ozempic butt: Women report two MORE unflattering and scary side effects of weight
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- Seattle man is suspected of fatally shooting 9
Latest articles
Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
Suárez throws 7 scoreless innings, Castellanos and Rojas homer in Phillies 8
Patrick Corbin gets 1st win of season, Nationals beat Red Sox 5
Rishi Sunak tells university bosses to show 'zero tolerance' towards anti
French sports minister calls for sanctions after Monaco player tapes over anti
AMANDA PLATELL: Harry, I've said sorry to my family. It's time you said it to yours
LINKS
- Coalition deals: What happens if things go wrong
- Christopher Luxon arrives in Wellington ahead of potential coalition announcement
- New Climate Change Minister Simon Watts not expecting criticism at COP28 over fossil fuels U
- Chiefs crush Moana 68
- Seymour 'achieved what I wanted' in 10
- Hello Kitty theme park shut down after terrorist threat
- Judge orders Ohtani's ex
- Israel dismisses UN resolution on possible war crimes as 'distorted text'
- NY police to pay $17.5m over hijab mugshot row
- Judge orders Ohtani's ex