All-China Federation of Industry and Commerce (ACFIC) on Wednesday unveiled its latest ranking for 500 largest private enterprises in China.
The list was released at the 2018 Summit of China's Top 500 Private Enterprises held in Shenyang, the capital city of Northeast China's Liaoning province. This year, there were 104 new entrants compared with last year.
To be included in the latest list, an enterprise needed to have revenues exceeding 15.68 billion yuan (US$ 2.3 billion).
According to the list, nine private firms saw their revenues exceed 300 billion yuan in 2017. Of the top 500 private companies, 61 firms had assets surpassing 100 billion yuan, 11 more than in 2016.
China's top 500 largest private companies paid a total of 1.03 trillion yuan in tax, which made up 7.6 percent of the country's total tax revenue.
Below are the top 10 largest private enterprises in China in 2018:
Dashang Group
All-China Federation of Industry and Commerce (ACFIC) on Wednesday unveiled its latest ranking for 500 largest private enterprises in China. [China.org.cn] Region: Liaoning province
Industry: Retail
Revenue: 280.81 billion yuan
Hengli Group
Hengli Group, one of the top 10 largest private enterprises in China in 2018 [Chinanews.com]
Region: Jiangsu province
Industry: Chemical
Revenue: 307.94 billion yuan
Gome Holdings
Gome Holdings, one of the top 10 largest private enterprises in China in 2018 [Chinanews.com]
Region: Beijing city
Industry: Retail
Revenue: 309.35 billion yuan
Evergrande
Evergrande, one of the top 10 largest private enterprises in China in 2018 [Xinhua]
Region: Guangdong province
Industry: Real Estate
Revenue: 311.02 billion yuan
Legend Holdings
Lenovo founder Liu Chuanzhi [Xinhua]
Region: Beijing city
Industry: Electric Equipment
Revenue: 316.26 billion yuan
Weiqiao Pioneering Group
Weiqiao Pioneering Group , one of the top 10 largest private enterprises in China in 2018 [Xinhua]
Region: Shandong province
Industry: Metallurgy
Revenue: 359.58 billion yuan
JD.com
JD.com , one of the top 10 largest private enterprises in China in 2018 [Xinhua]
Region: Beijing city
Industry: Internet
Revenue: 362.33 billion yuan
Amer International
All-China Federation of Industry and Commerce (ACFIC) on Wednesday unveiled its latest ranking for 500 largest private enterprises in China. [China.org.cn] Region: Guangdong province
Industry: Metallurgy
Revenue: 491.8 billion yuan
Suning
Suning , one of the top 10 largest private enterprises in China in 2018 [Chinanews.com]
Region: Jiangsu province
Industry: Retail
Revenue: 557.88 billion yuan
Huawei
Huawei, Suning and Amer International, included in the top 10 largest private enterprises in China in 2018 [China.org.cn]
Region: Guangdong province
Industry: Electric equipment
Revenue: 603.62 billion yuan
