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2026 Top 500 Private Firms Released: JD, Alibaba, Hengli Lead; Revenue Up 4.35%
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On September 22, the All-China Federation of Industry and Commerce released the '2026 China Private Enterprise Top 500' list in Tianjin. The top three companies are JD.com, Alibaba (China) Co., Ltd., and Hengli Group. This is the 28th large-scale survey of private enterprises conducted by the Federation, with 6,350 companies that had revenues of at least 10 billion yuan in 2025 participating. The top 500 companies by revenue were selected. According to the survey results, the total revenue of the top 500 private enterprises reached 44.93 trillion yuan, with an average of 89.851 billion yuan per company, up 4.35% year-on-year. Their total net profit was 1.83 trillion yuan, averaging 3.652 billion yuan per company, an increase of 1.31%. Total tax payments amounted to 1.30 trillion yuan, with 254 companies (50.80% of the top 500) paying over 10 billion yuan in taxes.
Source report
Tianjin, September 22 — The All-China Federation of Industry and Commerce (ACFIC) today released the "2026 China Top 500 Private Enterprises" list in Tianjin, with JD.com, Alibaba (China) Co., Ltd., and Hengli Group ranking in the top three.
This year marks the 28th large-scale survey of private enterprises conducted by the ACFIC. A total of 6,350 companies with annual revenues of 1 billion yuan or more in 2025 participated in the survey. The top 500 enterprises by revenue were designated as the "2026 China Top 500 Private Enterprises."
Key Findings from the Survey
- Total revenue of the top 500 private enterprises reached 44.93 trillion yuan, with an average of 89.851 billion yuan per company, representing a 4.35% increase year-on-year.
- Net profit totaled 1.83 trillion yuan, averaging 3.652 billion yuan per company, up 1.31% from the previous year.
- Total tax payments amounted to 1.30 trillion yuan. Among the top 500, 254 companies paid over 1 billion yuan in taxes, accounting for 50.80% of the total.
Source
格隆汇Eastern
Part of this Story
China’s 2026 top 500 private firms post 44.93 trillion yuan revenue, JD.com leads