Huawei stands in seventh position in Hurun China Rich List 2021
Hurun Report, a leading research platform has recently published a Hurun China Top 500 Rich List 2021 in which Huawei marked its position on seventh place. Due to COVID-19, the value of a few companies fell down but some of them rose by hundreds of billions.
According to the Hurun China Rich List 2021, the top 10 companies are Tencent, Taiwan Semiconductor Manufacturing Company (TSMC), Alibaba, ByteDance, CATL, Meituan, Huawei, Ant Group, JD.com, and Ping An Insurance.
The latest report discloses that the top 10 companies total value accounted for 29% of the entire 500 company list, which is 19 trillion yuan. The value is almost the same as last year’s data. In addition to this, the limit to enter China’s top 500 list has risen by 9 billion yuan (39%) to 32 billion yuan, a record high.
Among them, Tencent’s value has declined by 1 trillion yuan per year but it still ranked first with 3.9 trillion yuan in China. The second place is secured by TSMC with 3.7 trillion yuan and followed by Alibaba.
Comparing the 2020 list, Alibaba fell down second to the third rank with the decline of the half to 2.5 trillion yuan. On the other hand, ByteDance’s value has increased by 3 times from last year and grabbed the fourth position from fifth with 2.3 trillion yuan.
Meanwhile, CATL has first appeared under the top 10 with 2.5 times increased value-from last year accounted for 1.5 trillion yuan. However, the report reveals that TSMC and CATL entered the top 10 list, and Pinduoduo as well as Midea are dropped out. Now, the Pinduoduo and Midea stand in 12th and 16th position respectively.
Furthermore, this year more than 34 companies have doubled in value, and 3 companies have increased in value by hundreds of billions of dollars, led by ByteDance, followed by CATL and Meituan.