14 Chinese Firms Make Forbes' Top 100 Digital Companies List
Liao Shumin
/SOURCE : yicai
14 Chinese Firms Make Forbes' Top 100 Digital Companies List

(Yicai Global) Oct. 11 -- Fourteen Chinese companies were among Forbes' Top 100 Digital Companies list, published today, with state-owned telecoms operator China Mobile ranking highest among its compatriots.

Two of the fourteen were from Taiwan, with the remainder originating in the Chinese mainland. Their rankings among all companies included are detailed below:

8 - China Mobile
10 - Alibaba
14 - Tencent
19 - Taiwan Semiconductor Manufacturing
24 - Hon Hai Precision, or Foxconn
27 - China Telecom
34 - China Unicom
44 - JD.Com
49 - Baidu
56 - Xiaomi
71 - China Tower
88 - Legend Holdings
89 - Lenovo Group
90 - NetEase

The list comes as rapid digital advances have continued to transform swaths of the global economy, most notably retailing, media, travel and payments, Forbes said. The rankings were based on revenue, profit, assets and the market value of each of the firms, which included tech, media, online retail and telecoms companies. Apple ranked first overall.

Chinese companies made up the second-largest portion of the total, second to the US and its 38 firms -- seven of which ranked in the top 10.

Forbes first published the list in September 2018, when it featured 22 Chinese companies.

Editor: James Boynton

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Keywords: Forbes , Top 100 Digital Companies