The total market value of the top ten Chinese giants exceeds 11 trillion yuan Goldman Sachs will benchmark it against the seven US stock markets – Passionategeekz –

[CNMO Technology News]According to Passionategeekz, Goldman Sachs’ latest report has proposed the concept of “big ten” in China for the first time. Referring to the framework of the “Big Seven” of the US stock market, the institution launched the “Big Ten” composed of ten private listed companies in China (Chinese Prominent 10)) group, including Tencent Holdings, Alibaba, Xiaomi Group, BYD, Meituan, NetEase, Midea Group, Hengrui Medicine, Ctrip Group and Anta Sports. As of the close of June 17, the total market value of the portfolio exceeded 11 trillion yuan.

In the technology sector, Tencent builds an ecosystem including games, financial technology and other businesses based on two major social platforms: WeChat and QQ; Alibaba continues to deepen the three pillar businesses of e-commerce, cloud computing (Ali Cloud) and smart logistics (Cainiao Network); Xiaomi extends to the fields of smart hardware and the Internet of Things with smartphones as the core; NetEase expands to the fields of digital media and online education based on game research and development and operation.

In terms of consumer sectors, Meituan has been deeply involved in the local life service market, with business covering catering takeaways, hotel and tourism bookings and other scenarios; Midea Group, as the leader in the home appliance industry, is accelerating the intelligentization of products and global market layout; Anta Sports continues to increase the market share of sports goods by strengthening its brand matrix and R&D innovation.

In other fields, BYD focuses on innovation in new energy vehicles and power battery technology; Hengrui Medicine focuses on innovative drug research and development; Ctrip Group leads the online travel service market. The above-mentioned companies all dominate their respective sub-sectors and form significant market competitive advantages.

(Photo source Wind)

Wind statistics show that as of the close of June 17, the total market value of the ten companies reached 11.46 trillion yuan. Among them, Tencent Holdings ranked first with a market value of 4.31 trillion yuan, Alibaba’s market value reached 2 trillion yuan, Xiaomi’s market value was 1.28 trillion yuan, and BYD’s market value was 1.06 trillion yuan (including the market value of listed entities in many places). Sort by market value scale, the following are Meituan (771.223 billion yuan), NetEase (592.435 billion yuan), Midea Group (551.534 billion yuan), Hengrui Medicine (342.344 billion yuan), Ctrip Group (313.053 billion yuan), and Anta Sports (242.729 billion yuan).

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