Fortune magazine released the '2024 Most Admired Chinese Companies' list, in which the performance of internet technology companies is particularly outstanding, with a total of 9 companies on the list. Companies like Tencent (00700.HK) and JD.com (09618.HK) have significantly improved their rankings compared to last year. Other companies on the list include ByteDance, Xiaomi (01810.HK), Alibaba (09988.HK), KE Holdings (02423.HK), Didi Global, Meituan (03690.HK), and Trip.com (09961.HK).
ByteDance made its debut on the All-Star list of the '2024 Most Admired Chinese Companies', with its platform TikTok building a business ecosystem connecting hundreds of millions of users, creators, and merchants, generating numerous new opportunities for entrepreneurship and employment. Didi returned to the All-Star list this year with its 'Orange Fruit Plan', the first public welfare activity in China focusing on the educational development of online car-hailing drivers' children, benefiting a total of 0.05 million driver families.
This year's listed companies are not only satisfied with their own business success, but also actively promote their management philosophy and supply chain capabilities to peers, upstream and downstream, overseas export, breaking barriers, and demonstrating positive influence on a larger scale. Pang Donglai, who comes from a "grassroots" background in Zhongyuan, has become a role model for learning and reform among Chinese retailers in 2024; as the main chain company, Xiaomi's supply chain drives digital transformation with different empowerment models.Upstream and downstream enterpriseshave undergone digital transformation; COFCO Group generates nearly half of its revenue from overseas, establishing stable food corridors between global food producing areas in South America, the Black Sea, and emerging markets in Asia; this year, Fuyao Glass (03606.HK) has invested in building factories in Fujian Fuqing, Anhui Hefei, and other places, ensuring continuous and stable supply of raw materials, and reducing supply risks.
In addition, the companies listed in the '2024 Most Admired Chinese Companies' also include SF Express (002352.SZ), CKH Holdings (00001.HK), Kweichow Moutai (600519.SH), Midea (00300.HK), Luxshare Precision Industry (002475.SZ), Haidilao (06862.HK), BYD Company Limited (01211.HK), CM Bank (03968.HK), Anta Sports (02020.HK), Contemporary Amperex Technology (300750.SZ), Chow Tai Fook (01929.HK), Huawei, Nongfu Spring (09633.HK), Mengniu (02319.HK), PetroChina, Sinopec, Industrial and Commercial Bank of China (01398.HK), and China Resources, among others.
In the sub-list '2024 Most Admired Chinese Companies Industry Stars', selected companies in the internet category include ByteDance, Tencent, JD.com, Xiaomi, Alibaba, Meituan, Netease (09999.HK), PDD Holdings (PDD.US), and Yuewen Group (00772.HK).