Sohu Technology News
On January 9th, Hurun Research Institute released "2019 Hurun Top 500 Private Enterprises". The list shows that Alibaba ranks first with a market value of 3.8 trillion, Tencent ranks second with a market value of 2.9 trillion, and Ping An Insurance ranks third with a market value of 1.5 trillion.
According to the report, the threshold for "2019 Hurun China Top 500" is 14 billion yuan, with a total market value of 36 trillion yuan, equivalent to 40% of China's GDP in 2018, and an average market value of 71 billion yuan. Hu Runbaifu Chairman and Chief Investigator Hu Run said that two-thirds of the top 500 companies are listed companies, and the remaining one-third are non-listed companies or only partly listed. More than 50 enterprises are state-owned enterprises, accounting for more than 10%, including Gree Electric Appliances and Shuanghui.
Hurun China Top 500 Private Enterprises List
The list shows that the top ten private companies are Alibaba, Tencent Holdings, China Ping An Insurance (1.5 trillion), Huawei Investment Holdings (1.2 trillion), Ant Financial (1 trillion), and Meituan Reviews (550 billion). , Byte beating (530 billion), Hengrui Medicine (380 billion), Midea Group (377 billion), and Didi Chuxing (360 billion), the top ten threshold increased six times from 54 billion 10 years ago to 360 billion yuan. Among the top ten, Guangdong has the largest number of companies, with four; followed by Beijing, with three; and third, with Zhejiang, with two. In addition, eight of the top ten companies are from emerging industries, located in the fields of e-commerce, media and entertainment, and health.
According to the report, among the top 500 companies, there are 238 companies covering emerging industries, accounting for 47%, led by Alibaba and Tencent. "Emerging industries" include energy conservation and environmental protection, emerging information industries, biological industries, new energy, new energy vehicles, high-end equipment manufacturing and new materials. Among traditional industries, real estate accounts for the highest proportion, followed by finance and food and beverage industries.
The report said that among emerging industries, advanced manufacturing accounted for 51%, and Huawei ranked first in the advanced manufacturing field with a valuation of 1.2 trillion. HKUST Xunfei won the first place in the AI field with a valuation of 73 billion, followed by Shangtang Technology and Muangshi Technology, the leading companies in face recognition technology.
China's blockchain industry has two representative companies that produce mining machines, namely Jianan Yunzhi and Bitmain. After being listed in the United States in November last year, Jianan Yunzhi's market value has shrunk and has not reached the threshold of the list. Bitmain has not yet succeeded in listing, and it is estimated that it has shrunk compared with the previous one. It is currently valued at 30 billion.
In addition, the report pointed out that there are currently only three companies engaged in cloud computing on the list, of which Shenzhen Convinced Technology ranked first in the field of cloud computing with a valuation of 46.5 billion. A total of 18 e-commerce companies are on the list, of which 10 have been listed. Alibaba is the leader in China's e-commerce field, and there are 5 companies with 100 billion valuations in the e-commerce field. There are a total of 12 companies in the fintech field, and four of them have a valuation of more than 100 billion, including Ant Financial, Lufax, Weizhong Bank and JD.com. Back to Sohu, see more