Alibaba and Tencent in Global Fortune 500 List for First Time
Alibaba and Tencent are in the Global Fortune 500 list for the first time, joining 115 Chinese companies in the list. Alibaba is ranked No. 462 with revenue of US$23.5 billion and Tencent at ranked No. 476, with revenue of US$22.9 billion.
” Alibaba and Tencent are in the Global Fortune 500 list “
The Global Fortune 500 list of companies generated $27.7 trillion in revenues and $1.5 trillion in profits in 2016. The largest company worldwide remains Wal-Mart Stores, with revenue of US$485.9 billion in 2016.
We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.
Founded in November, 1998, Tencent is a leading provider of Internet value added services in China. Since its establishment, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange.
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