Source: ChinaDaily
The calculated value for listed companies was on the basis of closing prices on Nov 29 and that for nonlisted companies was on the reference of the value of listed firms in the same industry.
As per the list, the total value of the top 500 reached 36 trillion yuan ($5.19 trillion). The threshold to attain a position on the list is 14 billion yuan, while the average wealth registered at 71 billion yuan.
Let's take a look at the top 10 in 2019.
Didi
Value: $51.5 billion
Industry: Shared Economy
Visitors check out tech advances at a Didi Chuxing stand during an industry expo. The company is a mobile transportation platform providing online ride-hailing services. [Photo provided to China Daily]
9Midea Group
Value: $ 53.9 billion
Industry: Household Appliances
Logo of Midea Group. [Photo/IC]
8Hengrui Medicine
Value: $54.3 billion
Industry: Life Sciences
A researcher from Hengrui Medicine does drug research. [Photo/ Hengrui Medicine]
7ByteDance
Value: $ 75.8 billion
Industry: Media & Entertainment
The ByteDance logo is seen at the headquarters of Beijing Bytedance Technology Co in Beijing, on Aug 6, 2018. [Photo/IC]
6Meituan Dianping
Value: $78.6 billion
Industry: E-Commerce
A Meituan-Dianping deliveryman checks an order for the country's largest on-demand service platform, while delivering food in Beijing. [Photo provided to chinadaily.com.cn]
5Ant Financial Services
Value: $143 billion
Industry: FinTech
Ant Financial's logo is featured in this photo illustration. [Photo/VCG]
4Huawei
Value: $172 billion
Industry: Electronics and Telecommunication
Visitors check out Huawei smartphones at the 2019 IFA home electronics and appliances trade fair in Berlin. [Photo provided to China Daily]
3Ping An Insurance
Value: $215 billion
Industry: Insurance
A vehicle stops in front of a Ping An building on Aug 16, 2019. [Photo/IC]
2Tencent Holdings
Value: $408 billion
Industry: Media & Entertainment
The Tencent Cloud booth attracts attention during an industry expo in Hong Kong. [Photo by Zhang Wei/China News Service]
1Alibaba
Value: $545 billion
Industry: E-Commerce
An Alibaba Group logo is seen during Alibaba Group's 11.11 Singles' Day global shopping festival at the company's headquarters in Hangzhou, East China's Zhejiang province, on Nov 11, 2019. [Photo/Agencies]
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