On August 5th, Fortune magazine released the latest list of Fortune Global 500 companies. According to the 2023 annual financial reports of global enterprises, based on their total revenue, a total of 133 Chinese companies have been listed in the Fortune Global 500. Among them, there are a total of 13 companies headquartered in Shanghai, an increase of 1 compared to last year, and Pinduoduo is the first to be shortlisted.
Among the top ten enterprises in the world, Wal Mart ranked first for the 11th consecutive year, and Amazon reached a new high, ranking second (fourth last year). Saudi Aramco fell to fourth place, but with a profit of $121 billion, it became the most profitable company on the list for the third consecutive year. State Grid, Sinopec, and PetroChina ranked third, fifth, and sixth respectively on the list. The last four are Apple, United Health, Berkshire Hathaway, and Sivis Health.
The Shanghai based companies that have been shortlisted for the Fortune Global 500 are China Baowu (44), SAIC Group (93), Bank of Communications (154), China COSCO Shipping (267), Greenland Holdings (291), Shanghai Pudong Development Bank (292), China Shipbuilding (309), Pacific Insurance (331), Suzhou Construction (340), Shanghai Construction Engineering (354), Shanghai Pharmaceutical (411), Pinduoduo Holdings (442), and Shanghai Delong Iron and Steel Group (452) in order of ranking.