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Summary:There are 13 companies headquartered in Shanghai

On August 5, Fortune magazine released the latest list of the world's top 500 companies. According to the 2023 annual financial reports of global companies, based on total corporate revenue, a total of 133 Chinese companies were shortlisted for the world's top 500. Among them, there are 13 companies headquartered in Shanghai, one more than last year, which is Pinduoduo, which was shortlisted for the first time.

Among the world's top ten companies, Walmart ranked first for the 11th consecutive year, and Amazon reached a new high, ranking second (ranked fourth last year). Saudi Aramco fell to fourth place, but with a profit of $121 billion, it became the most profitable company on the list for the third consecutive year. State Grid, Sinopec, and PetroChina ranked third, fifth, and sixth on the list respectively. The last four are Apple, UnitedHealth, Berkshire Hathaway, and CVS Health.

The Shanghai-based companies that made the Fortune Global 500 list are, in order of ranking, China Baowu Steel Group (44), SAIC Motor (93), Bank of Communications (154), COSCO SHIPPING (267), Greenland Holdings (291), Shanghai Pudong Development Bank (292), China Shipbuilding (309), Pacific Insurance (331), Jiangsu Construction (340), Shanghai Construction Group (354), Shanghai Pharmaceuticals (411), Pinduoduo Holdings (442), and Shanghai Delong Steel Group (452).