List of Major Chinese Companies and Conglomerates

State Grid is China’s biggest company. It ranks as the third in revenue after Walmart and Saudi Aramco in the world. With 871,145 employees and 1.1 billion customers, it became the world’s largest utility company in 2023. Fortune and Forbes regularly list China’s biggest companies based on revenue, net profit, and assets. In 2022, Fortune’s Global 500 listed 145 Chinese companies. But in 2023, it dropped to 135 which marks the first time decline in 15 years.

We have curate the list of major Chinese companies and conglomerates in table below.

List of Major Chinese Companies

Based on Fortune Global 500, there are the top twenty-five big companies in China. It creates a list of the ranking companies worldwide by how much money they make each year. Here are the detailed list of Major Chinese Companies as mentioned below.

Rank	Name	Headquarters	Revenue (US$M)	Employees
1	State Grid Corporation of China	Beijing	460,616.9	871,145
2	China National Petroleum Corporation	Beijing	411,692.9	1,090,345
3	Sinopec	Beijing	401,313.5	542,286
4	China State Construction Engineering	Beijing	293,712.4	368,327
5	Industrial and Commercial Bank of China	Beijing	209,000.4	434,089
6	China Construction Bank	Beijing	200,434.0	375,531
7	Ping An Insurance	Shenzhen	199,629.4	355,982
8	Agricultural Bank of China	Beijing	181,411.7	455,174
9	Sinochem	Beijing	172,260.3	220,760
10	China Railway Engineering Corporation	Beijing	166,452.1	310,817
11	China Railway Construction Corporation	Beijing	158,203.0	366,833
12	China Life Insurance Company	Beijing	157,095.3	182,646
13	Bank of China	Beijing	152,409.3	306,322
14	Baowu	Shanghai	150,730.0	230,884
15	JD.com	Beijing	147,526.2	385,357
16	Alibaba Group	Hangzhou	132,935.7	254,941
17	China Mobile	Beijing	131,913.4	451,331
18	China Minmetals	Beijing	131,800.4	193,965
19	China Communications Construction Company	Beijing	130,664.1	220,519
20	China National Offshore Oil Corporation	Beijing	126,920.1	80,957
21	SAIC Motor	Shanghai	120,900.2	146,145
22	Shandong Energy	Jinan	120,012.3	243,124
23	China Resources	Shenzhen	119,601.2	362,706
24	Hengli Group	Suzhou	113,536.0	121,430
25	Amer International Group	Shenzhen	112,049.2	22,398

List of Major Chinese Conglomerates

In China, a big company that owns many smaller ones is called a conglomerate. The Chinese word “jituan” means “business group” or “conglomerate.” Some people think Chinese conglomerates have goals besides making money, like trying to control the global microprocessor market. Sometimes, chasing these goals leads to the company borrowing money, which can cause financial problems. When companies have a lot of debt, regulators might start paying closer attention to them. Here are the Major Chinese Conglomerates as mentioned below.

Rank	Name	Headquarters	Revenue (US$M)	Employees
1	HNA Group	Haikou	81,419.8	143,480
2	Fosun International	Shanghai	32,389.7	73,043
3	China Evergrande Group	Shenzhen	45,843.0	191,131
4	Legend Holdings	Beijing	75,914.4	68,314
5	China Resources Group	Shenzhen	119,601.2	362,706
6	CITIC Group	Beijing	61,887.0	156,898
7	China Oceanwide Holdings Group	Beijing	11,466.4	30,542
8	China Poly Group Corporation	Beijing	66,024.3	143,338
9	China National Travel Service (HK)	Hong Kong	10,441.3	38,407
10	China Energy Investment	Beijing	57,699.7	161,645
11	China General Technology Group	Beijing	13,734.6	45,298
12	China General Nuclear Power Group	Beijing	20,990.4	26,497
13	China Merchants Group	Shenzhen	54,021.4	82,366
14	COFCO Group	Beijing	68,274.1	106,646
15	China Communications Construction	Beijing	130,664.1	220,519
16	China Minmetals Corporation	Beijing	131,800.4	193,965
17	China Electronics Corporation	Beijing	46,305.8	82,804
18	AVIC	Beijing	62,228.8	460,398
19	China Aerospace Science and Technology	Beijing	43,742.1	196,060
20	China Southern Power Grid	Guangzhou	38,239.3	94,719

State Grid Corporation of China – Number 1 Chinese Company

The State Grid Corporation of China (SGCC), known as State Grid, is a big company owned by the government. It provides electricity and is the largest company of its kind worldwide. As of 2022, it’s the third biggest company globally in terms of revenue, after Walmart and Saudi Aramco. In 2022, it had about 871,145 employees, served around 1.1 billion customers, and made approximately $460 billion.

It’s overseen by a government agency called the State-owned Assets Supervision and Administration Commission of the State Council. In 2002, there was a change in how electricity was managed, called the Electricity Plant-Grid Separation reform. It split the assets of the State Electric Power Corporation into five groups that kept the power plants, and five regional branches that were part of the State Grid Corporation of China in Beijing.

Trade name	SGCC
Native name	国家电网公司
Company type	State-owned enterprise
Industry	Electric utility
Founded	2002; 22 years ago
Headquarters	Xicheng District, Beijing, China
Area served	China
	Philippines (through National Grid Corporation of the Philippines)
	Australia
	Brazil
	Italy
	Portugal
	Greece
	Chile
Key people	Xin Baoan (Chairman)
	Huang Dean (Chief Compliance Officer)
	Zhang Zhigang (President)
	Pan Jingdong (Executive Vice President)
	Zhu Min (Executive Vice President)
Products	Electrical grid, Electric power transmission
Services	Nuclear power transmission
Revenue	Increase US$ 363.125 billion (2017)
Operating income	78,697,281,872 renminbi (2018)
Net income	Increase US$ 10.201 billion (2015)
Total assets	US$ 585.278 billion (2017)
Total equity	US$ 207.345 billion (2015)
Number of employees	1.566 million (2019)

Tencent Holdings Limited 

As of 2023, Tencent Holdings Limited is the largest company in China based on its market value. Tencent is a big technology company with many different parts. Since 2018, it’s been the biggest seller of video games globally. Tencent’s smaller companies provide services and products on the internet, like entertainment and artificial intelligence. In 2022, Kantar BrandZ said Tencent was the most valuable brand in China, worth about $204.38 billion.

Native name	腾讯控股有限公司
Romanized name	Téngxùn Kònggǔ Yǒuxiàn Gōngsī
Company type	Public
Traded as	SEHK: 700
	OTC Pink: TCEHY
	Hang Seng Index component
ISIN	KYG875721634
Industry	Conglomerate
Founded	11 November 1998; 25 years ago
Founders	Pony Ma
	Tony Zhang
	Xu Chenye
	Charles Chen
	Zeng Liqing
Headquarters	Tencent Binhai Mansion, Nanshan District, Shenzhen, Guangdong, China
Key people	Pony Ma (chairman, CEO)
	Martin Lau (executive director, president)
Products	Artificial intelligence
	Cloud computing
	Automation
	Search engine
	Social networking
	Instant messaging
	Mass media
	Web portal
	E-commerce
	Web browser
	Antivirus software
	Music
	Payment system
	Film production
	Video games
	Online services
Revenue	Decrease CN¥554.552 billion (US$77.99 billion) (2022)
Operating income	Decrease CN¥235.706 billion (US$33.15 billion) (2022)
Net income	Decrease CN¥188.709 billion (US$26.54 billion) (2022)
Total assets	Decrease CN¥1.578 trillion (US$221.94 billion) (2022)
Total equity	Decrease CN¥782.860 billion (US$110.10 billion) (2022)
Owners	Naspers (26.04%; since 2019 through Prosus)
Number of employees	112,771 (2021)
Divisions	Tencent Games
	Tencent Music
	Tencent Pictures
Subsidiaries	See § Foreign studio assets for game studios Subsidiaries
ASN	132203

Number 1 Conglomerate In The World – Reliance Industries

As of 2023, Reliance Industries is the biggest combination of different businesses globally, with the highest total value of its shares. This company, headquartered in Mumbai, has been the largest in India in terms of its total value since 1960, and in 2022, its value was $228 billion. Reliance Industries works in various industries like making cloth, using natural materials, telecommunications, selling goods, making chemicals from oil, and energy.

Formerly	Reliance Commercial Corporation (1958–1966)
	Reliance Textiles and Engineers (1966–1973)
	Reliance Industries Limited (1973–present)
Company type	Public
Traded as	BSE: 500325
	NSE: RELIANCE
	LSE: RIGD
	BSE SENSEX Constituent
	NSE NIFTY 50 Constituent
ISIN	INE002A01018
Industry	Conglomerate
Founded	1958 (66 years ago)
Founder	Dhirubhai Ambani
Headquarters	Mumbai, Maharashtra, India
Area served	Worldwide
Key people	Mukesh Ambani (Chairman & Managing Director)
Products	Petroleum
	Natural gas
	Chemicals
	Petrochemicals
	Oil refining
	Retail
	Telecommunications
	Media
	Entertainment
Revenue	Increase ₹974,864 crore (US$120 billion) (2023)
Operating income	Increase ₹94,801 crore (US$12 billion) (2023)
Net income	Increase ₹73,670 crore (US$9.2 billion) (2023)
Total assets	Increase ₹1,713,506 crore (US$210 billion) (2023)
Total equity	Increase ₹821,153 crore (US$100 billion) (2023)
Owner	Mukesh Ambani (50.39%)
Number of employees	389,414 (2023)
Subsidiaries	Jio Platforms
	Reliance Retail
	Jio-bp
	Network18 Group
	DEN Networks
	Hathway
	Alok Industries
	Reliance Foundation
	Indiawin Sports
	Relicord
	Reliance Institute of Life Sciences
	Reliance Industrial Infrastructure
	Renewable Energy Corporation

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List of Major Chinese Companies and Conglomerates – FAQs

What are the famous conglomerate companies?

In India, family owned enterprises became some of Asia’s largest conglomerates, such as the Aditya Birla Group, Tata Group, Emami, Kirloskar Group, Larsen & Toubro, Mahindra Group, Bajaj Group, ITC Limited, Essar Group, Reliance Industries, Adani Group and the Bharti Enterprises.

What is the top 3 brand in China?

The total value of China’s most valuable brands reaches over $1 trillion, with Tencent, Alibaba, and Moutai leading the top three.

How many Fortune 500 companies are Chinese?

Total number of Chinese companies on Fortune Global 500 List drops first time in 15 years. (ECNS) — The Fortune Global 500 list for 2023, released Wednesday, revealed that 135 companies were from the Chinese Mainland and Hong Kong, one less than the previous year, the first drop in 15 years.

Which is the richest conglomerate in India?

At the top is the multinational conglomerate Reliance Industries. The company operates in diverse sectors, including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.

What is the highest paid company in China?

Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of $5,000, followed by ByteDance and Tencent Holdings that offer average monthly wages of $4,900 and $4,600, respectively.