Hurun China 500 Most Valuable Private Companies 2020
Tencent grows 75% or US$300bn to become China’s most valuable private company with a market cap of US$743bn, overtaking last year’s Number One Alibaba
The Hurun China 500 rose by 55%, to hit US$16bn of value on average, a new record. 84 companies saw their value double with five companies growing by over US$100bn in the last year, led by Tencent and followed by Meituan, Alibaba, Pinduoduo and JD
Meituan saw its share price rise three-fold, overtaking Ping An and Ant to third place
Two e-commerce platforms broke into the Top 10 for the first time, led by Pinduoduo and JD, up 4 times and 3 times respectively
Healthcare overtook advanced manufacturing and real estate to become the Number One industry for the Hurun China 500
Real estate continued to consolidate but the number of companies were down 30%
E-cars, entertainment and education are the three industries with the fastest growth this year
BYD and Weilai led the car industry, breaking into the Top 20 with valuations of US$60bn+
Huawei's value was down 10% to US$164bn and 7th place
Despite US government pressure, ByteDance’s value rose 32%, ranked 9th with US$104.5bn
The Hurun Top 10 was worth US$2.8 trillion, up three-fold in five years and 10-fold that of ten years ago
Half of the Hurun China 500 companies are concentrated in the four cities of Beijing, Shanghai, Shenzhen and Hangzhou. Beijing is still the city with the most Top 500 companies, with 94
Total sales of the Hurun China 500 last year were US$3.3tn, equivalent to 1/5th of China's GDP last year. The average sales was US$6.6bn.
The Hurun China 500 were founded in 1999 on average. Six companies have a history of more than 50 years, including Midea and Wanxiang; 17 companies were established within 5 years, including Pinduoduo and Kuaishou
The Shanghai Stock Exchange has become the preferred listing exchange for the Top 500, with 121 companies, followed by the Hong Kong Stock Exchange, with 96. 34 companies are listed in the United States
Nearly 10% of the companies are on the Hurun Global Unicorn List 2020
10% of the companies on the list do not have entrepreneurs on the Hurun China Rich List 2020, such as Ping An, Haier Smart Home and Lufax
The chairman of 44% of the companies on the list are also the CEO
Hurun Research Institute today released the Hurun China 500 Most Valuable Private Companies 2020, in association with Shimao Haixia
About SHIMAO Haixia
SHIMAO Haixia, the largest regional company under SHIMAO Group. Adhering to the brand concept of "To live up to dreams and responsibilities, create value for the times", it actively implements the group's diversified business models, deploying Real Estate Development, Hotel Management, Commercial operations, Cultural tourism of small town, Culture, Education, Technology, Health and other fields. After 17 years of steady development, it has been deeply deployed in Guangdong-Hong Kong-Macao Greater Bay Area, Haixia West Coast City Belt, Hainan Free Trade Port and other national core areas. Its territory (267 Projects of property development) covers 7 provinces and 2 municipalities across the country. With sales of 90 billion in 2019, it was selected as the first regional company in China by professional institutions.
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Established in the UK in 1999, Hurun is a research, media and investments group, widely regarded as an influential opinion-leader in the world of business on the back of generating 4 billion views on the Hurun brand last year.
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Hurun China 500 Most Valuable Private Companies 2020 Top 100
in association with Shimao Haixia
For the full list, please see www.hurun.net