People cross a street in the Central Business District a day before the opening session of the National People's Congress in Beijing in March 2019. Photo: Reuters People cross a street in the Central Business District a day before the opening session of the National People's Congress in Beijing in March 2019. Photo: Reuters
People cross a street in the Central Business District a day before the opening session of the National People's Congress in Beijing in March 2019. Photo: Reuters
Alibaba
Business /  China Business

The value of the top 10 private companies in Communist Party’s China rose eightfold in past decade as sector drives growth

  • Alibaba, Tencent, Ping An Insurance, Huawei and Ant Financial are five most valuable companies, Hurun says in inaugural report
  • Top 500 private companies are worth US$5 trillion, surpassing the size of Germany’s economy based on IMF data

Topic |   Alibaba
Ryan Swift
Ryan Swift

Updated: 10:30pm, 9 Jan, 2020

Why you can trust SCMP
People cross a street in the Central Business District a day before the opening session of the National People's Congress in Beijing in March 2019. Photo: Reuters People cross a street in the Central Business District a day before the opening session of the National People's Congress in Beijing in March 2019. Photo: Reuters
People cross a street in the Central Business District a day before the opening session of the National People's Congress in Beijing in March 2019. Photo: Reuters
READ FULL ARTICLE