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Xiaomi entered the Fortune Global 500 rating for the first time. There were more Chinese companies than American ones for the first time in all time.

25.07.2019 0 Comments

Xiaomi entered the Fortune Global 500 rating for the first time. There were more Chinese companies than American ones for the first time in all time.

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Fortune magazine this week presented a recent ranking of the world's largest companies Fortune Global 500, the criteria for the compilation of which is the company's revenue. The new rating is notable for several reasons.

This year, for the first time, the Chinese manufacturer of smartphones and other consumer equipment Xiaomi entered the Fortune Global 500 rating. In the overall ranking, it ranked 486 (next to Nokia and NEC) with revenues of $ 26.44 billion in 2018 (55.9% more than a year earlier). Xiaomi's annual profit indicator is about $ 2 billion, assets are estimated at $ 21.15 billion, and the staff is 16.68 thousand people. Interestingly, Xiaomi says that the company has 20,538 employees. In a statement, the head of Xiaomi Lei Zun reported a bonus that each of the company's 20,538 employees would receive on the occasion of joining the Fortune Global 500 rating. The bonus would be 1,000 shares of the company: 500 in honor of being in the Fortune Global 500, and another 500 in as a gift. Taking into account the current value of the share, each employee will receive approximately $ 1,145.

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Total revenues of the 500 largest companies in the world amounted to $ 32.7 trillion, and profits – $ 2.15 trillion. Let us clarify that this is according to the results of 2018. In total, these companies employ about 69.3 million people.

The top ten of the Fortune Global 500 is as follows:

Walmart – $ 514.4 billion in revenue (+ 2.8% compared with 2017) and $ 6.67 billion in profit. Sinopec – $ 414.6 billion (+ 26.8%), $ 5.84 billion. Shell – $ 396.5 billion (+ 27.2%), $ 23.35 billion. China National Petroleum – $ 392.9 billion (+20, 5%), $ 2.27 billion. State Grid – $ 387 billion (+ 10.9%), $ 8.17 billion. Saudi Aramco – $ 355.9 billion (+ 35.3%), $ 110.97 billion. British Petroleum – $ 303.7 billion (+ 24.2%), $ 9.38 billion. Exxon Mobil – $ 290.2 billion (+ 18.8%), $ 20.84 billion. Volkswagen – $ 278.3 billion (+ 7%), $ 14 , 32 billion. Toyota Motor – $ 272.6 billion (+ 2.8%), $ 16.98 billion.

If we single out the manufacturers of smartphones and other mobile devices separately, then Apple is the leader, ranking 11th in the general list. In second place is Samsung, which in the overall ranking has risen to 15th place. Closes the top three Alphabet, located on the 37th overall list. By the way, Xiaomi among manufacturers of smartphones immediately broke into 8th place.

From other companies in the Fortune Global 500 list, we can note the largest contract manufacturer of electronic devices Foxconn Electronics (Hon Hai Precision Industry) in 23rd place, Chinese online store JD.com (139), and semiconductor giants SK Hynix (335), TSMC (363) and Micron (409).

Another interesting fact is that for the first time since the compilation of the rating (since 1990), Chinese companies dominate in numbers over American ones. In particular, in the fresh rating of 121 – 129 in favor of China.

Source: Fortune Global 500

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