Hengli Group and Suning Commerce Group First Time Listed in Fortune Top 500

updated on: 2017-07-25  source:

  On 20th July, Fortune magazine released its ranking of the world’s top 500 companies, in which the number of Chinese companies grew to 115, only next to that of the USA, second largest number in the world. Four companies of Jiangsu, namely, the Pacific Construction Group, Hengli Group, Shanggang Steel Group and Suning Commerce Group have made into the list, among which Hengli Group and Suning Commerce Group were listed for the first time. Ranking at the 268th among the top 500, Hengli Group’s revenue registered at USD 37.88 billion, over the threshold of USD 21.6 billion; while Suning Commerce Group got a 485th ranking with a total revenue of 2016 at USD 22.3661 billion. The Fortune Top 500 list is mainly based on companies’ annual revenue and profit, one of the major global indicators that gauge the influence, scale and strength of global companies.

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