Fortune magazine (Chinese version) recently released the list of “China’s Most AdmiredCompanies” of 2016, with Alibaba Group Holding Ltd and Huawei Technologies Co Ltd taking the crown, remaining among the top five positions for four consecutive years.
“The year of 2015 is the starting year of China’s ‘mass entrepreneurship and innovation’strategy. The innovative implementations have further spread in segment industries, and the internet has been used to deeply transform traditional industries, bridging cross-border collaboration between the traditional enterprises and internet firms,” the magazine said.
According to the magazine, although numerous startups are not listed, they are able to play more important roles in the development of the world’s second largest economy.
The list, collected from 35,000 Chinese company management candidates’ 645 effective questionnaires, evaluates the corporate reputation of large companies that are based in theChinese mainland through nine criteria, including quality of products/services, long-term investment value, use of corporate assets, innovation, quality of management, financial soundness, people management, social responsibility and effectiveness of global management.
Below are the top 10 companies on the list:
No. 1 Alibaba Group Holding Ltd, a major Chinese e-commerce company
Alibaba Group-Traders wait for Chinese online retail giant Alibaba’s stock to go live on the floor at the New York StockExchange in New York on Sept 19, 2014.
No. 2 Huawei Technologies Co Ltd, Shenzhen-based technology conglomerate
Huawei-Huawei’s Argentinean marketing director Rodrigo Ubeda (L) delivers the first Y6 smartphone to NicolasAlganaraz (C), at a store of the telecommunication giant of China, in Buenos Aires city, Argentina, onSept 30, 2016.
No. 3 Haier Group, China’s largest home appliance supplier
Haier group-Haier will invest $55 million in Tatarstan. Source: Flickr / The Conmunity – Pop Culture Geek
No. 4 Tencent Holdings Ltd, a major Chinese internet company
Tencent
No. 5 Dalian Wanda Group Co, a major Chinese property developer and the country’s largest movie theater owner
Wanda Plaza
No. 6 BYD Co Ltd, a major Chinese new energy vehicle manufacturer
![A model stands beside a BYD car at an auto expo in Beijing. [Photo provided to China Daily]](http://www.verifychina.net/wp-content/uploads/2016/10/f8bc126d980d1968699019.jpg)
A model stands beside a BYD car at an auto expo in Beijing. [Photo provided to China Daily]
No. 7 JD.com Inc, one of China’s leading e-commerce companies
JD.com-JD.com, Macquarie lead $50 mln investment in China food delivery firm
No. 8 Gree Electric Appliances Inc, China’s largest air conditioning manufacturer
![A worker produces an air conditioner on April 18, 2013 at a Gree factory in Wuhan, Hubei province. [Shepherd Zhou / Asianewsphoto]](http://www.verifychina.net/wp-content/uploads/2016/10/f8bc126d980d1968692617.jpg)
A worker produces an air conditioner on April 18, 2013 at a Gree factory in Wuhan, Hubei province. [Shepherd Zhou / Asianewsphoto]
No. 9 Lenovo Group Ltd, world’s largest personal computer maker
Lenovo Profit Surges on Smartphones, Computer Sales by Bloomberg News
August 14, 2014
No. 10 Sany Group, construction machinery maker
![Sany Group technicians assemble engineering machinery in the firm's assembly plant in Changsha, Hunan province. [Photo/Xinhua]](http://www.verifychina.net/wp-content/uploads/2016/10/f8bc126d980d1968677415.jpg)
Sany Group technicians assemble engineering machinery in the firm’s assembly plant in Changsha, Hunan province. [Photo/Xinhua]
