World’s top 10 most valuable companies

With a value of $2.12 trillion, Apple takes the crown as the most valuable company in the world, according to the 2020 Hurun Global 500 released by the Hurun Research Institute.

Microsoft, which was valued at $1.64 trillion, came in second place, followed by Amazon ($1.61 trillion) and Alphabet ($1.22 trillion).

A total of 51 Chinese companies made it to the list of the 500 most valuable non-State-controlled companies in the world. The total value of these companies rose 73 percent or $2.2 trillion to $5.2 trillion, more than the combined wealth of the three countries of Japan, France and the UK, said Rupert Hoogewerf, chairman and chief researcher for the Hurun Report.

The three biggest gainers in terms of percentage growth all came from China. They are: electric carmaker Nio (2,254 percent), Xpeng Motors (843 percent) and the apartment hunting app Beike Zhaofang (786 percent), which is also known as KE Holdings Inc.

Let’s take a look at world’s top 10 most valuable companies.

No 10 Visa    $465 billion

Visa Inc unveils its China Innovation Center in Beijing on March 22, 2019. [Photo provided to China Daily]

No 9 Tesla    $546 billion

Tesla sign is seen at the third China International Import Expo (CIIE) in Shanghai on Nov 5, 2020. [Photo/Agencies]

No 8 Berkshire Hathaway     $548 billion

Berkshire Hathaway Chairman Warren Buffett walks through an exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. [Photo/Agencies]

No 7 Alibaba    $712 billion

The logo of Alibaba Group is seen during Alibaba Group’s Singles Day global shopping festival at the company’s headquarters in Hangzhou, Zhejiang province on Nov 10, 2019. [Photo/Agencies]

No 6 Tencent     $715 billion

People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province on Aug 7, 2020. [Photo/Agencies]

No 5 Facebook    $816 billion

People test new devices during the launch event of the Samsung Galaxy Note 10 at the Barclays Center in Brooklyn, New York on Aug 7, 2019. [Photo/Agencies]

No 4 Alphabet    $1.22 trillion

Letters spell the world “Alphabet” as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris, France. [Photo/Agencies]

No 3 Amazon    $1.61 trillion

An Amazon worker delivers packages in Denver, Colorado, US, on April 22, 2020. [Photo/Agencies]

No 2 Microsoft    $1.64 trillion

The Microsoft logo is seen in front of its office building in Shanghai on June 6, 2020. [Photo/Sipa]

No 1 Apple    $2.12 trillion

A man takes pictures of iPhones in the new Apple flagship store on its opening day in Sanlitun in Beijing on July 17, 2020.
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