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Over the last few years, Chinese companies have grown to become globally competitive rivals to American firms.
Fortune Magazine released its 2019 Global 500 list, which ranks the largest companies in the world by revenue, and for the first time Chinese businesses outnumber American companies.
Here are the 14 largest Chinese companies by market capitalization, according to data from Bloomberg.
Fortune Magazine recent unveiled its 2019 Global 500 list, which ranks the largest companies in the world by revenue. For the first time since the list was launched in 1990, there are more Chinese companies than American ones.
Markets Insider compiled a list of the largest companies in China based on market capitalization. The companies represent a wide variety of industries including technology, oil & gas, and banking. Some are household consumer brands, while others are state-owned industrial businesses.
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Here are the 14 biggest Chinese companies, ranked in increasing order of market value, according to data from Bloomberg:
