Today, on September 12th, the All-China Federation of Industry and Commerce released the “2023 List of Top 500 Chinese Private Enterprises” and the “Research and Analysis Report on the Top 500 Chinese Private Enterprises in 2023.” JD Group, Alibaba (China) Co., Ltd., and Hengli Group Limited ranked in the top three on the list.
In addition, Vipshop Holdings Ltd. ranked 90th among Chinese private enterprises with a revenue of 103.152 billion yuan ($14.14 billion), a decrease of 18 places compared to last year. Nice Group, a Chinese personal care company, ranked 428th among Chinese private enterprises with an operating revenue of 31.127 billion yuan ($4.27 billion), an increase of 67 places compared to last year. Guangzhou Liby Kaisheng Holdings Co., Ltd., a personal care company, ranked 495th with an operating revenue of 28.419 billion yuan ($3.9 billion), a decrease of 9 places compared to last year.
The research and analysis report shows that the threshold for entry into the Top 500 Chinese Private Enterprises based on operating revenue has reached 27.578 billion yuan ($3.78 billion), an increase of 1.211 billion yuan ($166 million) compared to the previous year. The threshold for entry into the Top 500 Chinese Private Manufacturing Enterprises is 14.516 billion yuan ($1.99 billion), an increase of 1.944 billion yuan ($266.5 million) compared to the previous year. The threshold for entry into the Top 100 Chinese Private Service Enterprises is 31.404 billion yuan ($4.3 billion), an increase of 1.289 billion yuan ($176.7 million) compared to the previous year.
