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Apple has become the most valuable company in the world with a value of 14 trillion yuan, followed by Microsoft and Amazon, both of which are worth more than 10 trillion yuan. Alpha ranked fourth, worth 8 trillion yuan. The world’s four trillion dollar companies have increased by 17 trillion yuan in one year, equivalent to India’s GDP, with a total value of 44 trillion yuan, accounting for 13% of the “Hurun world 500”
The total value of “Hurun world top 500” enterprises is 327 trillion yuan, equivalent to one fourth of China’s total assets and the total GDP of the six global economies of the United States, China, Japan, Germany, India and the United Kingdom
Under the influence of novel coronavirus pneumonia, the average value of “Hurun world top 500” enterprises increased by 25%, reaching 660 billion yuan. The value of 60 companies doubled, with 25 from the United States and 21 from China
The annual sales of “Hurun world top 500” enterprises reached 120 trillion yuan, equivalent to 1.2 times of China’s GDP. The average annual sales is 250 billion yuan
The “Hurun world top 500” enterprises have 43 million employees, equivalent to the German employed population. The average number is 86000
The United States ranked first with 242 enterprises, followed by 51 in China, 30 in Japan, 21 in France and 21 in Britain. The total value of us listed enterprises increased by 27%, while that of China listed enterprises increased by 73%
Under the dual pressure of brexit and epidemic situation, the UK performed the worst. The total value of listed enterprises decreased by 1 trillion yuan, followed by Brazil (down 430 billion yuan) and Russia (down 220 billion yuan)
Electric vehicles, health care and e-commerce are growing fastest
Tesla entered the top 10, with its value increasing eight times to 3.6 trillion yuan last year, ranking ninth. The value of China’s electric vehicle manufacturers is the fastest growing on the list, increasing 23 times to 403.9 billion yuan last year. Others include BYD (up 360 billion yuan) and Xiaopeng automobile (up 220 billion yuan). The value of China’s electric vehicle battery manufacturer Ningde times increased by 390 billion yuan to 573.5 billion yuan
Xinguan accelerates the value creation of e-commerce enterprises, led by pinterest of the United States and pinduoduo of China. The value of both companies quadrupled to 278.5 billion yuan and 1.1 trillion yuan last year. The value of doordash and meituan in China both tripled to 367 billion yuan and 1.4 trillion yuan, respectively
The financial services industry is led by 97 companies, led by visa, a payment platform with a value of 3 trillion yuan, followed by healthcare, with 54 companies, led by Johnson & Johnson with a value of 2.6 trillion yuan, followed by energy, software and services, consumer goods, retail and food and beverage industries
Visa surpassed JPMorgan Chase as the most valuable financial services company for the first time, with an increase of 730 billion yuan, or 32%, to 3 trillion yuan, and ranked in the top 10. Driven by the e-commerce boom, the total value of MasterCard, paypal and square in the United States, ant group in China and adyen in the Netherlands has increased by 3 trillion yuan
The AI and chip industries performed strongly. The value of NVIDIA and TSMC increased by 1.3 trillion yuan and 1.2 trillion yuan respectively, ranking 18th and 11th. Strangely, Intel did not perform well, and its value fell by 170 billion yuan, or 11%
In terms of cities, New York ranked first with 28, followed by Paris and San Francisco with 16 each. Among the top ten cities, two are from China: Beijing ranked fifth with 14, and Shenzhen ranked eighth with 8. Shanghai ranked 13th with six
China is the fastest-growing country in the world. The total value of 51 listed enterprises increased by 73% over last year, reaching 35 trillion yuan, which is almost the sum of Japan, France and Britain. Tencent ranked first, with a value of 4.7 trillion yuan, followed by Alibaba, which is the only two non US companies in the top ten of the list. It is also the first time that two Chinese companies have entered the top ten in the world. Five years ago and ten years ago, none of the top ten Chinese companies was listed
The top three companies with the fastest growth in value on the list are all from China: Weilai, an electric vehicle manufacturer, whose value increased 23 times to 403.9 billion yuan last year; Xiaopeng, whose value increased 9 times to 248.8 billion yuan last year; shell, an online real estate trading platform, whose value increased 9 times to 501 billion yuan last year. There are seven Chinese enterprises in the top 20, including BYD, pinduoduo, SIMORE and Nongfu Shanquan
Among the non Chinese enterprises, 59%, or 266, have regional headquarters in 13 Chinese cities, most of which are located in Shanghai (160) and Beijing (79), followed by Hong Kong, Shenzhen and Guangzhou
The biggest drop was in energy companies, followed by aircraft manufacturers and traditional financial institutions
Oil prices fell, while traditional energy industry performed poorly: ExxonMobil, the former world’s most valuable enterprise, fell by 840 billion yuan, or 44%, to 1 trillion yuan, ranking 61st, followed by Chevron, BP, Royal Dutch Shell, Eni group and ConocoPhillips
The value of Boeing, the aircraft manufacturer, dropped by 530 billion yuan, or 40%, to 793 billion yuan, while the value of Airbus dropped by 180 billion yuan to 544 billion yuan
Traditional financial institutions performed poorly: the value of Wells Fargo fell by 700 billion yuan, or 48%, to 763 billion yuan. Other underperformers include Lloyds, HSBC, Citigroup and JPMorgan
The average age of the listed enterprises is 64 years old, that is, they were founded in 1956
125 companies have a history of over 100 years, the oldest of which are London Stock Exchange, 322, and Takeda pharmaceutical, 239
61 companies were founded in the 2000s, among which the youngest are three Chinese companies: pinduoduo, which only took five years to reach the value of 1.1 trillion yuan, followed by six-year-old electric vehicles Weilai and Xiaopeng. Four of the top ten companies founded in the 2000s are from China. They are meituan, ant group, pinduoduo and Baidu
The “big four accounting firms” and management consulting companies Accenture and McKinsey ranked among the “top 500 of Hurun world”, with Accenture as the leader, worth more than 1 trillion yuan, followed by Deloitte, PricewaterhouseCoopers, Ernst & young, KPMG and McKinsey. They have a total value of 3.7 trillion yuan, annual sales of 1.4 trillion yuan and more than 1.6 million employees
Airbnb is worth 548 billion yuan, twice as much as Marriott International, the world’s largest hotel group
Uber, the taxi software, is worth 574 billion yuan, surpassing Volkswagen; didi travel is worth 354.4 billion yuan, surpassing BMW Group
Two education enterprises have entered the “Hurun world top 500”: tal, which is engaged in tutoring and tutoring, is worth 281.2 billion yuan, and Zhonggong education, which started with civil service examination and training, is worth 219.8 billion yuan. Both of them are from Beijing
The value of SIMOL, a manufacturer of electronic cigarettes from Shenzhen, China, quadrupled to 244.2 billion yuan last year
The value of Moderna, a major vaccine R & D company in the United States, increased seven times to 367 billion yuan last year
The value of zoom, a video conference platform, increased six times to last year, and entered the top 100 with 763 billion yuan
The value of snowflake algorithm, a newly listed US cloud computing company, increased seven times to 571 billion yuan last year
The value of match, an American dating platform, doubled to 246.2 billion yuan
The value of online video Netflix in the United States increased by 570 billion yuan, or 63%, to 1.5 trillion yuan, ranking 33rd
S & P and Moody’s, the credit rating agencies, were listed at 532 billion yuan and 345.8 billion yuan respectively
54% of companies sell physical products and 46% sell software and services
59% are sold directly to consumers and 41% are B2B
Only three entrepreneurs founded more than one “Hurun world 500” company: Elon Musk (Tesla, paypal and SpaceX), Jack Ma (Alibaba and ant group) and Li Ge (Yao Ming bio and Yao Ming Kant)
313 “Hurun world top 500” enterprises did not enter the “fortune” world top 500
——Looking for the most valuable private enterprises in the world
*** Pro udly presented by Empereur Hua tea), which lists the world’s top 500 non-state-owned enterprises and ranks them according to their market value or valuation. The market value of listed companies is calculated according to the closing price on December 1, 2020, and the valuation of non listed companies is estimated according to the listed companies in the same industry or the latest round of financing. This is the first time that Hurun Research Institute has released the list of “Hurun top 500 in the world” after twice releasing “Hurun top 500 in China”.
Hurun, chairman and chief research officer of Hurun Baifu, said: “in the year when the new crown epidemic is rampant, the overall situation of Hurun’s world top 500 enterprises has not slowed down. Their average value has increased by 25% to 660 billion yuan. The threshold for the top 500 to be listed is 210.5 billion yuan. On average, these enterprises were founded 64 years ago, with annual sales of 250 billion yuan and 86000 employees. “
“Hurun G500 is an enterprise group with the strongest economic influence. Their total value is as high as 327 trillion yuan, equivalent to one fourth of China’s total assets, equivalent to the total GDP of the world’s six major economies, accounting for 60% of global GDP. Their annual sales amount to 120 trillion yuan, equivalent to 1.2 times China’s GDP, employing 43 million employees, equivalent to Germany’s employed population. “
“Over the past decade, the concentration trend of economic influence has become more and more obvious. For example, the total value of the top ten enterprises of Hurun G500 has reached an astonishing 70 trillion yuan. Five years ago, the top ten enterprises in the world were worth 23 trillion yuan, compared with 13 trillion yuan ten years ago.”
“China is the fastest-growing country in the world. The total value of 51 listed enterprises increased by 73% over last year, reaching 35 trillion yuan, which is almost the sum of Japan, France and Britain. However, the United States, which accounts for only 5% of the world’s population, still accounts for nearly half of the top 500 list. Both the number and total value of enterprises on the list are five times that of China. South America and Africa, with a quarter of the world’s population, account for less than 1% of the total value of listed enterprises. “
“Electric vehicles, health care and e-commerce are growing fastest. Under the influence of the new crown epidemic, technology companies have redistributed their value and successfully subverted traditional industries. “
“In the past year, the value of apple and Amazon has increased by 11 trillion yuan, which is equivalent to more than two Tencent companies. They have become the biggest winners in the year of the new epidemic. It’s hard to imagine that the world’s largest enterprises, which sell consumer electronics products, can almost double their value under the epidemic. “
“The speed of value creation is amazing. In the recent month since the end of Hurun G500, the value of Tesla has increased by another 50%, more than 5 trillion yuan, pushing 50 year old Elon Musk to surpass Amazon’s 57 year old Jeff Bezos and become the world’s richest man. “
“In today’s world, perhaps the best way to measure a company’s economic strength is value, not sales. For example, the annual sales of Moderna, a major new vaccine R & D company in the United States, is only 400 million yuan, but its value is as high as 367 billion yuan. By contrast, Wal Mart is the company with the highest sales in the world, but it only ranks 12th in Hurun’s fortune 500. Another example is Volkswagen in Germany. Although its sales amount is nearly 2 trillion yuan, which is one of the top ten sales in the world, its value is only 553 billion yuan, ranking 150th among the top 500 of Hurun
“To establish a Hurun G500 enterprise is a lifetime achievement for anyone, but there are more than one founded by three people in the world. Elon Musk founded Tesla, paypal and SpaceX, Jack Ma founded Alibaba and ant group, and Li Ge founded pharming bio and pharming Kant.”
“Interestingly, on the Hurun G500 list, there are six consulting companies famous for serving the world’s largest companies: Accenture, Deloitte, PwC, Ernst & young, KPMG and McKinsey.”
“Traditional energy companies performed the worst last year, mainly because of the fall in oil prices, the impact of the new epidemic on global tourism, and the growth of renewable energy.”
“The trend of anti-monopoly is heating up as regulators in the United States, Europe and China launch anti-monopoly investigations. In China, for example, Alibaba’s value has fallen by 20% in the last month after regulators announced an antitrust investigation against Alibaba. “
“Two thirds of the companies in Hurun G500 ranked by value have not entered the Fortune Global 500 ranked by sales.”
“Since 1999, Hurun Baifu has been committed to discovering the investment value of enterprises and promoting entrepreneurship through quality lists and surveys. Starting from the rich list, unicorn and the top 500 series have been launched one after another, from China to the global list, and then to India and other countries. “
“The Hurun G500 does not include state-owned enterprises, so Saudi Aramco, which is worth 14 trillion yuan, and Guizhou Maotai and ICBC, which are worth about 2 trillion yuan, are not on the list.”
“Despite the impact of the new crown epidemic, overall, the stock market has performed well in the past year. As of December 1, 2020, the Shenzhen composite index is up 45%, the NASDAQ is up 43%, the Shanghai composite index is up 20%, and the Hang Seng index is up 1%. The US dollar depreciated 9% against the euro and 7% against the RMB. International crude oil prices fell by 23%. “
“Drinking tea is a world culture. I’m glad to release our top 500 list together with huaxiangyuan, a leading brand in China’s tea industry.” Hurun added.
Xiao Wenhua, chairman of huaxiangyuan Tea Co., Ltd., said: “I’m glad to release the list of the world’s top 500 jointly with Hurun Research Institute, the world’s largest fortune ranking institution. The uniqueness of Hurun’s top 500 lies in that it measures the value created, not just the sales revenue. From this point of view, the concept of huaxiangyuan is highly consistent with that of Hurun. Enterprises should uphold the concept of value creation and mission, provide good products for consumers and contribute to the society. Huaxiangyuan, referring to the Western Wine Manor model, has built eight tea manors across the country in the past 20 years to control the quality from the source and make a cup of good Chinese tea. As a leading enterprise in the tea industry, the tea manor drives the tea industry and helps the country’s Rural Revitalization; this year, when the epidemic hit, huaxiangyuan took the first action in the tea industry, donating money, materials and tea; and took on the responsibility of “the light of national products”. In order to promote Chinese tea culture, huaxiangyuan has become a national ceremony three times and a diplomatic tea ceremony eight times. Huaxiangyuan Guobin tea has also become an unforgettable Chinese charm of the 76 heads of state.
Now in the Bund of Shanghai, a window connecting China and the world, huaxiangyuan · Huacha, a top-level social space, is built to connect the world with tea as a medium, just to make the world fall in love with Chinese tea. “
The total value of the top ten is nearly 70 trillion yuan, accounting for 20% of the total value of “Hurun world top 500”.
Compare five years ago with ten years ago
The world’s most valuable companies are seven times more valuable than they were ten years ago and four times more valuable than they were five years ago. Ten years ago, the highest value company in the world was ExxonMobil, an American oil company, with a value of 2 trillion yuan; five years ago, it was alphabet, with a value of 3.5 trillion yuan. Ten years ago, only four companies are still in the top ten: apple, Microsoft, Berkshire Hathaway and alphabet.
The “Hurun world top 500” enterprises come from 30 countries, with the United States, China and Japan taking the lead, followed by France, the United Kingdom and Germany.
In terms of cities, New York has 28 companies, followed by Paris, San Francisco, London and Beijing.
In terms of continents, North America ranks first with 259 companies. Asia, which accounts for more than 60% of the world’s population, ranks behind North America, which accounts for 8% of the world’s population, and Europe, which accounts for 10% of the world’s population. There are 114 companies in Europe and 109 in Asia. There is only one in Africa.
The biggest winners and losers
In terms of the percentage increase in value, the biggest winners are electric vehicle manufacturers, including Weilai, Xiaopeng and Tesla. The value of shell, an online real estate trading platform based in China, increased nine times to 501 billion yuan last year.
In terms of the amount of value added, the biggest winners are apple, Amazon and Microsoft.
Traditional energy companies are the biggest losers this year, followed by aircraft manufacturers and traditional financial institutions.
The financial services industry is the biggest contributor to the “Hurun world top 500”, with 97 companies, accounting for nearly 20% of the total, followed by health care, with 54 companies. “On our list of China’s top 500, the healthcare industry ranks first, followed by advanced manufacturing and real estate,” said Hurun. In our world top 500 list, the real estate industry only ranks 16th. Shell, China’s online real estate trading platform, has become the number one real estate enterprise in the world, and only two traditional real estate enterprises, Longhu and Sun Hung Kai, are on the list. “
In terms of growth rate, the automobile and auto parts industry is leading, mainly due to electric vehicles, followed by consumer electronics, semiconductor and retail. Only the aerospace and energy industries declined by 16% and 11% respectively.
Companies with revenue less than $1 billion
The average annual sales volume of “Hurun world top 500” enterprises is 250 billion yuan.
There are 158 “Hurun world top 500” enterprises with annual sales less than 10 billion US dollars. The annual sales of 14 “Hurun world top 500” enterprises do not exceed 1 billion US dollars, three of which are from China.
Moderna, a major new crown vaccine R & D company in the United States, is the company with the lowest middle-aged sales of “Hurun world top 500”, with only 400 million yuan, but it has created 367 billion yuan of value.
Time of establishment
The average age is 64, which means it was founded in 1956.
128 companies (a quarter of the list) are more than 100 years old, and only six of them are more than 200 years old.
61 companies were founded in 2000, with a total value of 33 trillion yuan, accounting for 10% of the total value of “Hurun world top 500” enterprises. Twenty two companies have been established for less than 10 years. The youngest are e-commerce platform pinduoduo, electric vehicle Weilai and Xiaopeng, and American takeout platform doordash.
Number of employees
“Hurun world top 500” enterprises employ 43 million employees worldwide, with an average of 86000.
124 companies have more than 100000 employees, of which Wal Mart has 2.2 million employees, and China based Hon Hai Precision Industry (famous for Foxconn) has 800000 employees.
77 companies employ less than 10000 people, including seven Chinese companies, including Xiaopeng automobile, Oriental Fortune, Haitian seasoning food, Yaoming bio, pinduoduo, Weilai and Mindray.
Three entrepreneurs founded more than one “Hurun world top 500” enterprise
Elon Musk founded three “Hurun world top 500” enterprises, followed by Ma Yun and Li Ge, both of which founded two.
United States: among the top 500 enterprises in Hurun world, American enterprises account for nearly half, with a total value of 196 trillion yuan, equivalent to one third of the global GDP. The financial services and software and services industries contributed the most (34 and 26), followed by the medical equipment industry (14). Led by New York, five cities in the United States are among the top ten cities with the most enterprises on the list.
China: 51 Chinese companies have entered the “Hurun world top 500”, led by Tencent and Alibaba, both of which are among the top 10 in the world. The 51 Chinese enterprises are distributed in 18 cities, with Beijing (14) taking the lead, followed by Shenzhen and Shanghai (9 and 7). Other cities include Hangzhou, Hong Kong and Foshan. The average age is 24, much lower than the average age of 64 in the whole list. “Surprisingly, Hong Kong is not as much as Hangzhou,” Hurun said
Among the non Chinese enterprises in the “Hurun world 500”, 266 companies, or 59%, have regional headquarters in 13 Chinese cities, most of which are located in Shanghai (160) and Beijing (79), and some in Hong Kong, Shenzhen and Guangzhou. “More than 40% of non Chinese enterprises have not set up regional headquarters in China, and there are still opportunities that have not been explored,” said Hurun. As an international metropolis, Shanghai is the first choice for non Chinese enterprises to set up regional headquarters in China, followed by Beijing. “
Japan: Japan has 30 companies on the list, ranking third. With 83 years of history, Toyota has become the most valuable Japanese company with a value of 1.2 trillion yuan, followed by Softbank (856 billion yuan) and Keith (804 billion yuan). Four companies led the financial services industry, followed by three in manufacturing, auto and auto parts, retail and industrial equipment. The total value of listed Japanese companies is 13 trillion yuan. The average age is 80, 16 years older than the average age of the whole list. Tokyo is the preferred headquarters city for 11 listed Japanese companies, followed by Hong Kong City (4) and Osaka (3).
France: France ranks fourth with 21 companies, led by LVMH. The average age of French companies on the list is 92, 28 years older than the average age of the whole list. Like the UK, none of the companies on the list in France was founded in the 2000s. There are three companies in the financial services and luxury industry respectively, followed by two in the food and beverage industry. The total value of French enterprises on the list is 11 trillion yuan. Paris is the preferred headquarters.
UK: there are 21 companies in the UK, ranking fourth. Unilever (1 trillion yuan) ranks first, followed by Linde (897 billion yuan) and AstraZeneca (875 billion yuan). Britain is the worst performing country in the “Hurun world 500”. The average age of the companies on the list is 82 years old, 18 years older than the average age of the whole list. None of them was founded in the 2000s. Britain has the oldest company on the list: the 322 year old London Stock Exchange. The financial services industry is led by six companies, followed by professional services and consumer goods, with three companies each. Three of the big four accounting companies are headquartered in London. The total value of British enterprises on the list is 10 trillion yuan, which is lower than the value of Amazon.
Canada: Canada has 16 companies on the list. The 16-year-old Shopify, worth 776 billion yuan, is Canada’s most valuable company, surpassing 156 year old Royal Bank of Canada (worth 770 billion yuan). The financial services industry is led by six companies, followed by energy, logistics and transportation, retail and telecommunications, with two companies each entering the list. Toronto is the preferred city with six companies, followed by Montreal (four) and Calgary (three). The total value of Canadian enterprises on the list is 6.5 trillion yuan.
Australia: Australia ranks ninth, with 12 companies on the list, including five in Melbourne, four in Sydney, two in Perth and one in Bellavista. BHP Billiton group became the most valuable company in Australia with a value of 750 billion yuan, followed by the Federal Bank (666 billion yuan) and jetberin (639 billion yuan). Interestingly, the top three companies in Australia are all century old companies. In financial services, five companies lead, followed by metals and minerals, with three companies and two retail companies. ANZ, 185, is the oldest Australian company on the list, while Chichester metals, 17, is the youngest. The total value of Australian companies on the list is 5 trillion yuan.
India: India ranks 10th, with 11 companies on the list, including seven in Mumbai, one in Pune, one in Bangalore, one in Calcutta and one in New Delhi. Tata consulting, worth 917 billion yuan, is the most valuable company in India. The financial services industry is led by five companies, followed by software and services and telecommunications, with two companies each.
What about state-owned enterprises?
There are 45 state-owned listed companies in the world with a value of more than 210.5 billion yuan, which is the threshold for the list of “Hurun world top 500”. However, because “Hurun world top 500” only includes non-state-owned enterprises, these enterprises are not on the list.
Among them, 36 are from China, followed by three from Russia and two from Saudi Arabia.
The most valuable state-owned listed company in the world
Source: Hurun Research Institute
*** The market value of listed companies is calculated according to the closing price on December 1, 2020, and the valuation of non listed companies is estimated according to the listed companies in the same industry or the latest round of financing. ***
“Hurun world top 500” only includes non-state-owned enterprises. If state-owned enterprises are included, there are 45 state-owned listed companies in the world, including Saudi Aramco, Guizhou Maotai and industrial and Commercial Bank of China. If state-owned non listed companies are included, they should also include China tobacco, State Grid, CITIC Group and China Resources Group.
The average value of China’s top 500 private enterprises reached 110 billion yuan, a record high!
The number of China’s super wealth creators is still growing, and the number of people listed in the United States is more and more far away from China
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