According to the latest Fortune 500 list released on Thursday, among the 10 new entrants are locally well-known names such as Anbang Insurance Group, Alibaba Group and Tencent Holdings.
Most of the new entrants are from trade and technology sectors. Guangdong-based Country Garden is the only Chinese property company on the list.
The world's 500 largest companies generated $27.7 trillion in revenues in 2016, or 37 percent of the global GDP. Their total profits were $1.5 trillion.
For the fourth year in a row, retail giant Walmart topped the list with a massive $485 billion in revenue in 2016.
Apple Inc is the most profitable company among the 500, with its 2016 fiscal year profit coming in at $45.7 billion (which was down 14.4 percent year-on-year). It is expected to be the first company with a market cap of over $ 1 trillion－its market cap on Thursday was $789.3 billion.
Second to Apple According to the latest Fortune 500 list released on Thursday, among the 10 new entrants are locally well-known names such as Anbang Insurance Group, Alibaba Group and Tencent Holdings.
Most of the new entrants are from trade and technology sectors. Guangdong-based Country Garden is the only Chinese property company on the list.
The world's 500 largest companies generated $27.7 trillion in revenues in 2016, or 37 percent of the global GDP. Their total profits were $1.5 trillion.
For the fourth year in a row, retail giant Walmart topped the list with a massive $485 billion in revenue in 2016.
Apple Inc is the most profitable company among the 500, with its 2016 fiscal year profit coming in at $45.7 billion (which was down 14.4 percent year-on-year). It is expected to be the first company with a market cap of over $ 1 trillion－its market cap on Thursday was $789.3 billion.
Second to Apple on the profitability list are four major Chinese commercial banks: Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China.
Italian bank UniCredit reported the biggest loss－$13 billion－among all the finalists. JD, China's second-largest e-commerce platform, incurred a loss of $570 million last year, the biggest among all the Chinese companies on the Fortune 500 list. (Source: China Daily)on the profitability list are four major Chinese commercial banks: Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China.
Italian bank UniCredit reported the biggest loss－$13 billion－among all the finalists. JD, China's second-largest e-commerce platform, incurred a loss of $570 million last year, the biggest among all the Chinese companies on the Fortune 500 list. (Source: China Daily)
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