Largest 10 Chinese Private Companies in 2019

Source: ChinaDaily

The total value of China's top 500 private enterprises equaled 40 percent of the country's GDP, said Rupert Hoogewerf, chairman and chief researcher of the Hurun Research Institute, as the first list of the Hurun China 500 Most Valuable Private Companies was released Thursday in Shanghai.

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.

10

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]

9

Midea Group

Value: $ 53.9 billion

Industry: Household Appliances

Logo of Midea Group. [Photo/IC]

8

Hengrui Medicine

Value: $54.3 billion

Industry: Life Sciences

A researcher from Hengrui Medicine does drug research. [Photo/ Hengrui Medicine]

7

ByteDance

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]

6

Meituan 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]

5

Ant Financial Services

Value: $143 billion

Industry: FinTech

Ant Financial's logo is featured in this photo illustration. [Photo/VCG]

4

Huawei

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]

3

Ping An Insurance

Value: $215 billion

Industry: Insurance

A vehicle stops in front of a Ping An building on Aug 16, 2019. [Photo/IC]

2

Tencent 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]

1

Alibaba

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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