This article presents an overview of the 5 Most Valuable Chinese Companies. For a detailed overview of the 20 Most Valuable Chinese Companies with insights into market value, read our article, 20 Most Valuable Chinese Companies.
5. Contemporary Amperex Technology
Market Value (USD Billion): 144
Contemporary Amperex Technology Co., Ltd. (CATL) is a global leader in the development and manufacturing of lithium-ion batteries for electric vehicles and energy storage systems. Founded in 2011, CATL has quickly become one of the most critical players in the battery industry, with a market cap of $119.21 billion. CATL saw its net profit surge 93% to 30.7 billion yuan ($4.41 billion) in 2022, driven by a rise in deliveries that offset higher raw material prices.
4. China Construction Bank
Market Value (USD Billion): 173
China Construction Bank Corporation (CCB), a leading commercial bank in China, recently partnered with Thunes, a global B2B payment infrastructure platform, to collaborate on cross-border payments. Under the new relationship, Thunes will help CCB enable international acceptance of Chinese small and medium-sized businesses (SMBs) and introduce outbound cross-border payments for CCB’s consumers. Both products are expected to be launched in 2024.
3. ICBC
Market Value (USD Billion): 203
ICBC, the largest Chinese commercial bank by revenue, posted $214.7 billion in 2022, a 2.8% increase from 2021. Its profits of $53.5 billion were down 0.8% from the year prior. ICBC also has the highest-valued assets of any global bank at more than $5.7 trillion in 2022. ICBC shares near record low on margin and asset quality concerns ahead of H1 2023 results.
2. Alibaba Group
Market Value (USD Billion): 216.6
Alibaba is a leading player in the Chinese e-commerce market and is expected to increase in the coming years. The company also has a strong position in the cloud computing market, another high-growth industry. Alibaba is also investing heavily in new areas, such as artificial intelligence and digital media, which could drive future growth. Moreover, Alibaba’s revenue grew 14% in Q2 2023, with international commerce revenue surging 60%.
1. Tencent Holdings
Market Value (USD Billion): 415.4
Tencent Holdings Limited is a Chinese multinational technology conglomerate specializing in internet-related services and products, including social media, gaming, entertainment, fintech, and artificial intelligence. It is one of the world’s largest gaming companies by revenue (170.7 billion yuan in 2022) and one of the most valuable technology companies in the world. Tencent has made 1,136 investments, with its latest investment being in Comein Finance as part of its Corporate Minority Program. Comein Finance is an institutional investment research platform that offers corporate and financial analysis, brokerage research, integrated risk management, and roadshow conference systems.
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