The top 500 private enterprises in China were released in 2022, and Huawei fell to 5th, giving up the top spot that had dominated the 6-year-old.
Huawei
Recently, the China National Federation of Industry and Commerce released the "Top 500 Private Enterprises in China in 2022". JD won the top 500 for the first time with a total revenue of 951.6 billion yuan. The second to fourth place are Alibaba 's 836.4 billion, Hengli Group's 732.3 billion, and Zhengwei International Group's 722.8 billion.
JD
, and the national light Huawei will take the top spot for 6 years with the blessing of US trade sanctions, chip business freezing, mobile phone shrinkage, Honor sale, X86 server divestment and other reasons, and will give up the top spot for 6 years and fall to 5th place. Revenue fell by nearly 30% from 891.4 billion in 2020 to 636.8 billion.
Honor mobile
Despite this, Huawei, which has been suppressed, is still ahead of all its competitors in R&D expenditure. Huawei Investment Holdings Co., Ltd. invested RMB 142.7 billion in R&D in 2021, leading the top 500 private enterprises in China. Ranked second and third are Alibaba with 57.9 billion, and Tencent with 51.9 billion.
Huawei
In addition, Huawei is not inferior in terms of tax payment. Despite a sharp decline in revenue, Huawei is still one of the three private enterprises in China with tax payment of more than RMB 50 billion in 2021. In 2021, Huawei paid RMB 67.2 billion in taxes, second only to Vanke 's 75.4 billion. The third tax payment is Country Garden Holdings 's 61.77 billion.
Vanke
