As was the case in 2022, China has the second largest number of companies on the Global2000 list following the United States, which has 611 members.
Global 2000 ranking of the world’s top publicly traded companies unveiled Thursday. That is five fewer than last year’s record 351 members from the country.
Big state-controlled banks led the way for China again this year, grabbing three of the top five spots on the list. The highest-ranking Chinese company, the Industrial and Commercial Bank of China, came in at No. 3, slipping one spot from No. 2 last year. Prior to 2022, the bank had the No. 1 spot on the list for nine consecutive years.
China’s auto industry – which took over as the world’s top car exporter earlier this year — chalked up some of the country’s biggest gains, notably in the electric vehicle supply chain. Contemporary Amperex Technology, the world’s largest supplier of batteries for electric cars, rose to No. 121 from No. 298 last year. BYD, the country’s biggest EV maker, jumped to No. 170 from No. 580. Among other EV manufacturers, Geely Automobile climbed to No. 858 from No. 989. Li Auto rose to 1,691 from No.
In contrast, China’s iconic Internet giants faced a tech crackdown by the government and a difficult advertising market. Tencent, the highest-ranking Chinese Internet company to make this year’s list, fell to No. 33 from No. 28 last year. Alibaba, the e-commerce leader, dropped to No. 54 from No. 33 mostly due to a decline in profits. Two other e-commerce giants did better: JD.com rose to No. 224 from No. 446, lifted by net income that swelled to $1.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forbes Global 2000: China’s Ranks Thin As Real Estate Woes PersistChina, including Hong Kong, occupies 346 spots in the 2023 Forbes Global2000 ranking of the world’s top publicly traded companies. Big state-controlled banks led the way for China again this year, grabbing three of the top five spots on the list.
Read more »
Forbes Global 2000: China’s Ranks Thin As Real Estate Woes PersistDespite weakness among real estate developers, China has the second largest number of companies among the world’s 2,000 biggest publicly traded firms on the new Forbes list.
Read more »
Forbes Global 2000: The World’s Largest Airlines & Aerospace Companies In 202342 airlines, aerospace and defense companies are featured on the Global 2000 list of the world’s largest public companies, up from 31 a year ago, as travelers return to airlines and the war in Ukraine boosts defense.
Read more »
Forbes Global 2000: The World’s Largest Insurance Companies In 2023Insurance companies have slightly lagged the market but rising interest rates bolster income. Global2000
Read more »
Forbes Global 2000: The World’s Largest Airlines & Aerospace Companies In 202342 airlines, aerospace and defense companies are featured on the Global2000 list of the world’s largest public companies, up from 31 a year ago, as travelers return to airlines and the war in Ukraine boosts defense.
Read more »
Forbes Global 2000: The World’s Largest Insurance Companies In 2023One hundred insurance companies made this year’s Forbes Global2000, which ranks the 2,000 largest public companies in the world using a composite score that takes into account revenue, profit, assets and market value.
Read more »