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Caixin Global
Caixin Global

Business Brief (Sept. 23): China’s Top 500 Private Firms Unveiled

China United States

JD.com, Alibaba and Hengli Group took the top three spots on the 2026 China top 500 private enterprises list, followed by Huawei in fourth place.

The 500 companies generated a total revenue of 44.9 trillion yuan last year, up 4% on average for each enterprise, and a combined net profit of 1.8 trillion yuan, an average increase of 1% for each enterprise.

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