The All-China Federation of Industry and Commerce on Tuesday released the 2023 list of China’s top 500 private enterprises, with JD.com, Alibaba and Hengli Group securing the top three spots, respectively.
According to a research and analysis report released alongside the list, the entry threshold in terms of revenue in 2022 for the top 500 private enterprises stood at 27.578 billion yuan (about 3.83 billion U.S. dollars), marking an increase of 1.211 billion yuan from the previous year. Notably, among these enterprises, 95 companies each achieved an annual revenue exceeding 100 billion yuan in 2022.—Xinhua
