Huawei ranked first with 141.893 billion yuan in R&D investment

According to the information, the top 500 Chinese enterprises list is finally released. In the R&D investment ranking, Huawei ranked first with 141.893 billion yuan in R&D investment. Alibaba invested 57.236 billion yuan in R&D, ranking second. Tencent invested 38.972 billion yuan, ranking third.

Data shows that the R&D investment of the top 500 Chinese companies has maintained double-digit growth, with R&D expenses totaling 1,306.647 billion yuan (data reported by 442 companies), an increase of 15.57% on the same basis over the previous year.

The data also shows that in 2021, China’s top 500 companies will achieve a total operating income of 89.83 trillion yuan, an increase of 4.43% over the previous year. During the same period, the operating income of the top 500 in the United States and the top 500 in the world fell by 3.15% and 4.81%, respectively. Among them, the top three in operating income are: State Grid, China National Petroleum Corporation, and China Petroleum & Chemical Corporation.

At the same time, the All-China Federation of Industry and Commerce also released a list of China’s top 500 private enterprises in 2021. The entry threshold for the top 500 is 23.501 billion yuan, an increase of 3.297 billion yuan from 2020.

The list shows that Huawei tops the list with an operating income of 891.368 billion yuan. Jingdong Group and Hengli Group Co., Ltd. rank second and third respectively.