JD.com (HKG:9618) remained as China's largest private enterprise by revenue for the third year in a row in 2023, with total revenue of 1.08 trillion yuan, Yicai Global reported Monday, citing the All-China Federation of Industry and Commerce's list of China's top 500 Chinese private companies.
The company was followed by fellow e-commerce giant Alibaba (HKG:9988), which logged revenue of 927.5 billion yuan last year, according to the report. Oil refiner Hengli Group came in third with revenue of 811.7 billion yuan.
China's largest 500 private companies logged a 5.2% annual rise in revenue to 41.91 trillion yuan in 2023, Yicai Global wrote.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price (HKD): $163.60, Change: $-5.1, Percent Change: -3.02%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.