(ECNS) -- JD.com, Alibaba (China) Co., Ltd. and Hengli Group Co., Ltd. ranked as China’s top three private enterprises in 2026, according to a list released Tuesday in Tianjin by the All-China Federation of Industry and Commerce (ACFIC).
The top 500 companies reported combined operating revenue of 44.93 trillion yuan ($6.66 trillion) in 2025, up 4.35% year on year. A total of 110 companies each posted annual revenue exceeding 100 billion yuan ($14.82 billion).
The ranking was based on a survey of 6,350 private companies, with the top 500 selected by their 2025 operating revenue.
(By Helen Mo & intern Yang Hongran)
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