China's top 10 private firms in 2022 | investinchina.chinaservicesinfo.com

Top 10 List

China's top 10 private firms in 2022

chinadaily.com.cn Updated: Oct 10, 2022

China's top 500 private firms registered total operation revenues of 38.32 trillion yuan ($5.39 trillion), up 9.13 percent on a yearly basis in the latest China's Top 500 Private Firms released by the All-China Federation of Industry and Commerce on Sept 7.

This year's ranking of the top 500 private firms is the 24th of its kind. It includes 8,602 firms with annual operation revenues of at least 500 million yuan. The threshold to be a Top 500 firm has lifted by 2.87 billion yuan from the previous year to 26.37 billion yuan. There were 19 firms that saw their operation revenues exceeding 300 billion yuan.

Let's take a look at the top 10 of the private firms:

10 Rongsheng Holding Group

Operation revenue: 448.32 billion yuan

The office building of Rongsheng. [Photo/Rengsheng official website]

9 China Vanke Co Ltd

Operation revenue: 452.80 billion yuan

A Vanke building is seen in Hangzhou, East China's Zhejiang province on July 23, 2022. [Photo/VCG]

8 Legend Holdings

Operation revenue: 489.87 billion yuan

Legend Holdings' logo is pictured on the side of a company building. [Photo/IC]

7 Country Garden Property Development Co Ltd

Operation revenue: 523.06 billion yuan

The Country Garden logo is seen in Shanghai on June 25, 2022. [Photo/VCG]

6 Tencent

Operation revenue: 560.12 billion yuan

A woman is seen at the Tencent Holdings Ltd booth during an expo in Shanghai. [Photo by Fan Jianlei/For China Daily]

5 Huawei Investment & Holding

Operation revenue: 636.81 billion yuan

A visitor uses his mobile phone while passing by the stand of Huawei during an industry expo in Beijing. [Photo provided to China Daily]

4 Amer International

Operation revenue: 722.75 billion

Amer International Group's logo is seen on a stone in front of an industrial park in Anhui province. [Photo/Amer official website]

3 Hengli Group

Operation revenue: 732.35 billion yuan

The headquarters of Hengli Group in Suzhou, Jiangsu province, on Sept 21, 2021. [Photo/IC]

2 Alibaba Group Holding Ltd

Operation revenue: 836.41 billion yuan

Visitors check out Alibaba's booth during a digital technology expo held in Guangzhou, Guangdong province, in November. [Photo/China Daily]

1 JD

Operation revenue: 951.59 billion yuan

A self-driving JD delivery vehicle is seen at the JD booth during an industry expo in Wuhan, Central China's Hubei province. [Zhang Haiyan/For China Daily]

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Top 10 List

China's top 10 private firms in 2022

chinadaily.com.cn Updated: Oct 10, 2022

China's top 500 private firms registered total operation revenues of 38.32 trillion yuan ($5.39 trillion), up 9.13 percent on a yearly basis in the latest China's Top 500 Private Firms released by the All-China Federation of Industry and Commerce on Sept 7.

This year's ranking of the top 500 private firms is the 24th of its kind. It includes 8,602 firms with annual operation revenues of at least 500 million yuan. The threshold to be a Top 500 firm has lifted by 2.87 billion yuan from the previous year to 26.37 billion yuan. There were 19 firms that saw their operation revenues exceeding 300 billion yuan.

Let's take a look at the top 10 of the private firms:

10 Rongsheng Holding Group

Operation revenue: 448.32 billion yuan

The office building of Rongsheng. [Photo/Rengsheng official website]

9 China Vanke Co Ltd

Operation revenue: 452.80 billion yuan

A Vanke building is seen in Hangzhou, East China's Zhejiang province on July 23, 2022. [Photo/VCG]

8 Legend Holdings

Operation revenue: 489.87 billion yuan

Legend Holdings' logo is pictured on the side of a company building. [Photo/IC]

7 Country Garden Property Development Co Ltd

Operation revenue: 523.06 billion yuan

The Country Garden logo is seen in Shanghai on June 25, 2022. [Photo/VCG]

6 Tencent

Operation revenue: 560.12 billion yuan

A woman is seen at the Tencent Holdings Ltd booth during an expo in Shanghai. [Photo by Fan Jianlei/For China Daily]

5 Huawei Investment & Holding

Operation revenue: 636.81 billion yuan

A visitor uses his mobile phone while passing by the stand of Huawei during an industry expo in Beijing. [Photo provided to China Daily]

4 Amer International

Operation revenue: 722.75 billion

Amer International Group's logo is seen on a stone in front of an industrial park in Anhui province. [Photo/Amer official website]

3 Hengli Group

Operation revenue: 732.35 billion yuan

The headquarters of Hengli Group in Suzhou, Jiangsu province, on Sept 21, 2021. [Photo/IC]

2 Alibaba Group Holding Ltd

Operation revenue: 836.41 billion yuan

Visitors check out Alibaba's booth during a digital technology expo held in Guangzhou, Guangdong province, in November. [Photo/China Daily]

1 JD

Operation revenue: 951.59 billion yuan

A self-driving JD delivery vehicle is seen at the JD booth during an industry expo in Wuhan, Central China's Hubei province. [Zhang Haiyan/For China Daily]

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