Jul 27, 2020|
Fortune 500 China 2020 List: JD.com Ranked 13th
by Vivian Yang
On July 27th , the Chinese edition of Fortune magazine released the Fortune China 500 List for the year 2020. JD.com moved up 4 places to 13th , remaining the largest Chinese company in the “internet service and retail” category.
Alibaba ranked 18th, up 6 places. There are also 39 newcomers or relisted companies on this year’s list. Pinduoduo made the list for the first time and ranked 321st.
Overall revenues of listed companies reached RMB 50.5 trillion, up 11% from last year, with net incomes at RMB 4.2 trillion, up 16% from last year. In the top three places are Sinopec, PetroChina, and China Construction.