List revealed: JD.com topped the list with total revenue of 951.592 billion yuan

Today (May 19), the famous economist Ren Zeping and his team Zeping Macro released the latest ranking of the top 100 private enterprises in China in 2023. This ranking is determined by adopting a revenue ranking method and surveying private enterprise data, and uses total operating income as the basis for ranking. It is worth noting that since only 20 private companies have announced revenue data for fiscal year 2022, in order to ensure a comprehensive and objective ranking, this list is ranked based on revenue data for fiscal year 2021.

According to ITBEAR technology information reports, the top three in this ranking are JD.com Group, Alibaba Group and Hengli Group. JD.com ranked first with a total revenue of 951.592 billion yuan, followed by Alibaba Group, which ranked second with a total revenue of 853.062 billion yuan. Ranked third is Hengli Group, a chemical giant from Jiangsu. Although it is relatively unknown, it performed well on the rankings with revenue of 732.345 billion yuan.

In the top ten of this list, we can also see many familiar companies. Huawei ranked fourth with revenue of 630.698 billion yuan, Tencent ranked fifth with revenue of 560.118 billion yuan, Lenovo ranked seventh with revenue of 454.647 billion yuan, and ByteDance ranked with revenue of 439.16 billion yuan. ninth. In addition, Midea Group ranked 14th among technology companies, Xiaomi Group ranked 16th, and TCL ranked 21st. Geely Automobile ranks highest among automobile companies, ranking 11th, while BYD ranks 25th due to its high sales performance of new energy models.

This list highlights the strong diversity of China’s private enterprises in terms of strength and development. Although some well-known e-commerce and technology giants rank high on the list, representatives from traditional industries such as Hengli Group also performed well, demonstrating the diversified development trend of China's private enterprises.

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