Nine Chinese companies, including Alibaba, Tencent and Huawei, were included on the list of Time 100 Most Influential Companies according to the magazine's website.
This was the first edition of the list, highlighting businesses making an extraordinary impact around the world, by soliciting nominations as well as consulting industry experts across sectors including healthcare, entertainment, transportation and technology.
The list is sorted into five categories: pioneers, leaders, innovators, titans and disruptors.
Tech companies like Apple, Twitter are included in the leaders category. Alibaba, Tencent and Taiwan Semiconductor Manufacturing Company are listed as titans, as are Facebook, Google, Amazon, Microsoft and Samsung.
Huawei and Didi Chuxing made the disruptor list, along with Tesla, SpaceX and Airbnb.
DJI, TikTok, BYD and Yum China were chosen as innovators, named alongside Nintendo, Netflix, Nvidia and Zoom.