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  • https://mobiletony.com - Huawei became the most valuable Chinese private company with an estimated value of one trillion yuan

    Huawei became the most valuable Chinese private company with an estimated value of one trillion yuan
    29 Days, 17 Hours ago


    Tags:  Statistics  -  Huawei

    One of China's most reputable media and investment research firms, Hurun has named a list of China's richest privately owned companies, with Huawei topping the list. According to the report, Huawei is China's leading commercial and private company, operating in various industries and having the largest number of customers in this market. Huawei's total value is currently estimated at 1.1 trillion yuan ($ 169 billion).

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    The interesting thing about this list is the long distance between Huawei and the second company on the list. In this list, the home appliance company Midea Group with a value of 580 billion yuan is in second place, followed by Haitian international with 500 billion yuan and BYD (Build your Dreams) with a value of 490 billion yuan.

    The four companies operate in various fields, including Huawei in telecommunications and smartphones, Midea in home appliances, BYD in the automotive industry, and Haitian in the plastic mold industry. Together, the four companies accounted for more than 50 percent of China's total market value.

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    Huawei is one of the most important players in the Chinese market, and even other companies on this list, such as Haitian, owe much of their high growth to valuable and large orders from Huawei. "Huawei is very famous for its 5G technology, but the company spends a large portion of its revenue from the division," said Hurun, CEO and director of research at Hurun. Gains its customers. Huawei is one of the most successful Chinese companies that has changed rapidly and experienced good growth. "Even recently, after numerous problems, the company has been able to maintain its position as one of the top companies in the market." Huawei is also on the verge of holding its annual Huawei Developer Conference in April. Will be held.







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