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TSMC Firmly Holds Top Spot in Hurun CN 500 List
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The Hurun Research Institute released today the 2024 Hurun China 500, a list ranking the top 500 non-state-owned enterprises in China by their enterprise value. Among them, TSMC firmly holds the top spot with its value swelling by RMB3.27 trillion. It also maintains its position as the highest-valued private-owned enterprise in China with a value of RMB6.98 trillion. Seeing its value surge by RMB570 billion, TENCENT (00700.HK) secures the second position with a value of RMB3.42 trillion. Ranking │ Company │ Value (RMB billion) │ Value Increase │ Main Industry 1- │ TSMC (TSM.US) │ 6980 │ 88% │ Semiconductors 2- │ TENCENT (00700.HK) │ 3420 │ 20% │ Internet Services 3↑ │ ByteDance │ 1630 │ 16% │ Media and Entertainment 4↓ │ BABA-W (09988.HK) │ 1540 │ -2% │ E-commerce 5↑ │ CATL (300750.sz) │ 1170 │ 44% │ Lithium Batteries 6↓ │ Pinduoduo (PDD.US) │ 1140 │ 4% │ E-commerce 7↑ │ MEITUAN-W (03690.HK) │ 950 │ 45% │ Life Services 8- │ PING AN (02318.HK) │ 915 │ 24% │ Insurance 9- │ BYD COMPANY (01211.HK) │ 793 │ 16% │ Automotive 10* │ Huawei │ 680 │ 19% │ Mobile Phones, Telecoms The market value of listed companies was calculated based on the closing price on November 15, 2024, while the valuation of non-listed companies was estimated by referencing their listed peers or based on the latest round of financing. AAStocks Financial News |
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