The top ten on the Fortune 500 list. Screenshot

  Chinanews client, Beijing, August 10 (Reporter Wu Tao) On the 10th, the Fortune Global 500 rankings in 2020 were released. Compared with previous years, the most noticeable change in this year’s rankings is Mainland China + Hong Kong, China The number of companies reached 124, surpassing the United States (121) for the first time in history.

  There are a total of 25 new and re-listed companies this year. Among them, there are 8 new Chinese companies on the list. They are: Shanghai Construction Engineering, Shenzhen Investment Holdings, Shenghong, Shandong Iron and Steel, Shanghai Pharmaceuticals, Guangxi Investment, China National Nuclear Corporation Industry and China Coal Energy.

  Looking at the specific list, Wal-Mart became the world's largest company for the seventh consecutive year, Sinopec still ranked second, State Grid rose to third, PetroChina ranked fourth, and Shell Oil fell to fifth.

  In the Internet field that has received much attention, seven companies are on the list, namely Amazon, Alphabet, and Facebook in the United States, and Jingdong Group, Alibaba Group, Tencent Holdings Co., Ltd. and Xiaomi Group from China.

  The rankings of these major Internet companies in China and the United States have improved compared with last year. ranked 102nd, Alibaba ranked 132nd, and Tencent ranked 197th. The largest increase in the ranking is Alibaba, which rises 50 places, and Xiaomi rises 46 places.

  The list also shows that the threshold for the top 500 has been further improved. The operating income of the top 500 companies this year reached 33 trillion U.S. dollars, a record high and close to the combined GDP of China and the United States. The threshold (minimum sales revenue) to enter the rankings has also increased from 24.8 billion US dollars to 25.4 billion US dollars.

  In terms of profitability, Saudi Aramco still tops the list with a profit of US$88.2 billion. Berkshire Hathaway followed closely behind, ranking second with a profit of $81.4 billion, and Apple relegated to third.

  The three major Chinese banks of Industry, Agriculture, and Construction continued to rank among the top 10 profit lists. With its cloud business, Microsoft's profit increased by nearly 137% year-on-year, making it into the top 10 profit list, ranking fifth. (Finish)