TSMC was listed by Hurun as the top enterprise in China's top 500 list.

(Reuters)

[Compilation of Wei Guojin/Taipei Report] The Hurun Research Institute of China announced the "2022 Hurun China Top 500" list on the 13th. Although TSMC is a Taiwanese company, it is still "listed" at the top of the list with a market value of 2.83 trillion yuan (12.75 trillion Taiwan dollars). Tencent ranks second and third with a market capitalization of RMB 2.48 trillion (TWD 11.17 trillion), and Alibaba with a market capitalization of RMB 1.5 trillion (TWD 6.76 trillion).

The Hurun Research Institute pointed out that the list is based on the company’s market value or valuation, ranking non-state-owned enterprises. Although TSMC’s market value fell by 860 billion yuan, it still replaced Tencent with 2.8 trillion yuan, becoming “China’s highest market capitalization private enterprise”, Tencent's market value fell by 1.4 trillion yuan, and it retreated to second place with about 2.5 trillion yuan.

Alibaba fell by nearly 1 trillion yuan, and remained in third place with 1.5 trillion yuan.

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The total market capitalization of the top 500 companies has dropped by RMB 15 trillion from last year, or 23% to RMB 51 trillion.

The market value of ByteDance fell by nearly 40%, maintaining fourth place with 1.4 trillion yuan.

BYD squeezed into the top 10, ranking 9th with a market value of 778 billion yuan.

Although the total value of the top 10 dropped by RMB 5.6 trillion from last year, it still accounted for 26% of the list.

With 60 companies, Beijing surpassed Shanghai's 55 companies, becoming the city with the largest number of top 500 companies, and Shenzhen ranked third with 42 companies.

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