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

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

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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
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Ryan Swift

Ryan Swift

Ryan Swift is a senior business reporter focused on wealth management, green business, the shipping industry and the gaming industry. He was chief editor of The Peak and Asia-Pacific Boating magazines.