Huawei Technologies has topped the ranking of China's top 500 private firms by revenue for 2021, with over 891 billion yuan on its books. It was the sixth year in a row that Huawei has held the position in the listing by the All-China Federation of Industry and Commerce.
E-commerce giant JD.com came in second with a revenue of 769 billion yuan, and Alibaba ranked fifth with 644 billion. More than 5,000 private firms with annual revenues above 500 million yuan are covered by the federation's research.
They raked in a total of 35 trillion yuan in 2020, up 16 percent from a year earlier.
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