What are the Fortune 500 companies?

Updated on Financial 2024-03-05
1 answers
  1. Anonymous users2024-02-06

    Through the top 500 rankings, the public can see the development trends of various industries and understand the development status of the world's leading companies.

    TMT is a patchwork of the initials of the three English words telecommunication, media, technology. The TMT industry is an emerging industry that links high-tech companies and telecommunications industries on the basis of the Internet, and is characterized by information exchange and information integration. Generally speaking, e-commerce, information and communication, social networking, mobile Internet, IT, information technology, etc. all belong to the TMT industry.

    According to this definition, the reporter of the Economic Observer selects the companies belonging to the TMT industry from the world's top 500 enterprises, so that readers can understand the development of global and Chinese enterprises in the TMT industry.

    From the perspective of the global TMT industry, the top three are Apple Inc. in the United States, Samsung in South Korea and Amazon in the United States. With a profit of $229.2 billion, Apple topped the list of global TMT companies and was the most profitable company in the world's top 500.

    There are 25 TMT companies in the world's top 500, 18 in China, 9 in Japan, and 4 in South Korea and Germany.

    From the perspective of China's TMT companies that have entered the world's top 500, Hon Hai (24), China Mobile (53), Huawei (72), China Telecom (141), JD.com (181), Lenovo (240), Unicom (273), Pegatron (285), Alibaba (300), Midea (323), and Tencent (331) are the top 10 of the 18 companies in the top 500 TMT industry in the world.

    Compared with 2017, Alibaba's biggest increase in ranking was 162 places from 462 to 300; followed by Tencent, which rose 147 places from 478 to 331; Midea Group went public 127 places, JD.com rose 80 places, and Huawei and Pegatron, which was spun off from Taiwan's Asus Group in 2008, all rose 11 places.

    In addition, the TMT companies that entered the world's top 500 are, Quanta Computer Company (354), TSMC (368), China Electronics Information Industry Group **** (369), China Electronics Technology Group Corporation (388), Compal Computer (404), Suning Tesco (427), Wistron Group (432) and Qingdao Haier (499).

    It is worth noting that the overall list of the world's top 500 companies measures operating income, and its ranking does not represent the level of profitability. From the perspective of the most profitable enterprises in China's TMT industry, the first place is TSMC (Taiwan Semiconductor Manufacturing Co., Ltd.), with a profit of 11.3 billion US dollars; It was followed by Tencent with a profit of 100 million dollars.

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