The 2020 Fortune 500 ranking was announced. This year, Walmart became the world's largest company for the seventh year in a row. Sinopec still ranked second, China National Grid rose to third place, CNPC ranked fourth, and Shell Petroleum dropped to fifth place.

The most notable change in this year's ranking is undoubtedly that mainland Chinese companies have made a historic leap forward: this year, the number of companies in mainland China (including Hong Kong) reached 124, surpassing the US (121) for the first time in history. In addition to companies from Taiwan, a total of 133 Chinese companies are on the list.