When considering the landscape of Chinese corporations, familiar names like BYD, Xiaomi, or Pinduoduo often come to mind.

However, a deeper look into market capitalization reveals a different set of dominant players. This report provides a comprehensive analysis of the top 10 listed companies in China as of early 2026, offering insights that may reshape your understanding of corporate power and the scale of these business empires.

These rankings are based on the latest available data and provide a detailed look into the companies that form the backbone of the Chinese economy and wield significant influence on the global stage.

At the top of the list is Tencent Holdings, with a staggering market capitalization of $726.82 billion.

Tencent’s market capitalization is approximately 44% of Meta Platforms (Facebook) but exceeds that of most other technology companies globally. Tencent is China’s largest technology company, with a diverse portfolio that includes social media, gaming, online payments, and more.

Its super-app, WeChat, has 1.4 billion monthly active users and integrates messaging, payments, shopping, and government services.

Gaming is Tencent’s largest revenue source, with the company owning many popular games worldwide, including Honor of Kings, PUBG Mobile, League of Legends, and Clash of Clans.

The Agricultural Bank of China (ABC), with a market capitalization of $384.38 billion, is another of China’s “Big Four” state-owned commercial banks.

ABC has a distinctive focus on supporting rural development and agricultural financing, serving as a critical link between China’s urban and rural economies. The bank provides financial services to hundreds of millions of customers across the country and maintains substantial scale and profitability.

Alibaba Group, with a market capitalization of $371.60 billion, is one of the world’s top three e-commerce platforms by Gross Merchandise Volume (GMV), alongside Amazon and Walmart.

Alibaba has built a vast business empire and ecosystem that extends beyond online shopping. The company operates through four major business groups: Alibaba China E-commerce Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, and a segment for all other businesses, including digital media and entertainment. The payment company Ant Group was separated from Alibaba in 2020 and operates independently.

Ranked fourth and fifth are the Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), with market capitalizations of $363.64 billion and $347.17 billion, respectively.

Both are part of China’s “Big Four” state-owned commercial banks but have distinct roles. ICBC is China’s largest state-owned commercial bank by assets and serves as the backbone of the country’s financial system, with a global presence in over 40 countries and regions. In contrast, CCB specializes in financing large-scale infrastructure projects and urban development, having been instrumental in funding major national initiatives.

PetroChina, with a market capitalization of $268.55 billion, is comparable in market value to Chevron, one of the world’s largest oil companies.

As China’s largest oil and gas company, PetroChina plays a crucial role in ensuring the country’s energy security. The company is involved in the entire oil and gas value chain, from exploration to sales.

In response to the global shift towards clean energy, PetroChina has been investing in renewable energy and natural gas, with over $50 billion invested in solar and wind projects since 2020.

The Bank of China (BOC), with a market capitalization of $264.03 billion, is the oldest of China’s four major state-owned commercial banks, founded in 1912.

BOC has a long history of facilitating international trade and cross-border financial connectivity. The bank specializes in serving multinational corporations and international businesses, acting as a crucial bridge between China’s financial system and global markets.

Despite being ranked seventh by market capitalization, BOC remains one of the world’s largest banks by assets.

Kweichow Moutai, with a market capitalization of $246.63 billion, is not only China’s most valuable alcohol company but also the world’s.

Its market value is equivalent to the combined market capitalization of the world’s second to fifth-ranked global liquor companies. Moutai has evolved from being one of the first companies to go public after China’s economic opening to a cultural symbol and a luxury brand.

The company’s value is driven by its strong brand and the scarcity of its product. Recently, facing changing consumer preferences among the younger generation, Moutai has diversified its product line to include wine, ice cream, and even a partnership with Luckin Coffee for a chocolate-flavored Moutai latte.

CATL (Contemporary Amperex Technology Co. Limited), the king of the new energy sector, holds a market capitalization of $241.34 billion, equivalent to four times that of the American automotive giant Ford Motor Company.

As a leading manufacturer of electric vehicle batteries, CATL supplies to major automotive companies worldwide, including BMW, Ford, Volkswagen, and Tesla. The company has maintained its dominant position in the global EV battery market, holding approximately 38% of the market share by late 2025.

In addition to power battery systems, CATL is also involved in energy storage systems and battery materials recycling, placing it at the center of the global transition to electric mobility.

With a market capitalization of $234.50 billion, China Mobile is the largest telecommunications company in China and the world.

To put this into perspective, its market value is 1.5 times that of the American telecom giant AT&T. China Mobile connects over one billion users, a subscriber base larger than the entire population of Europe, the US, and Japan combined.

Beyond traditional telecommunication services, the company is a key provider of modern digital infrastructure, including cloud computing, 5G networks, and the Internet of Things (IoT). In essence, China Mobile serves as the utility provider for the digital age.

The ranking of China’s top 10 listed companies reveals several important trends:

• A Mix of State-Owned and Private Enterprises: The list is composed of six state-owned enterprises (the “Big Four” banks, China Mobile, and PetroChina) and four private companies (Tencent, Alibaba, Moutai, and CATL). This highlights the dual nature of the Chinese economy, where the state maintains control over strategic sectors while allowing private companies to thrive and innovate.
• The Rise of Technology Companies: While banks dominate the list in number, the three technology companies—Tencent, Alibaba, and CATL—are highly innovative and have a significant global impact. They are increasingly becoming the new face of the Chinese economy.
• Global Influence: These companies are not just wealthy; they are massive businesses that compete with the largest corporations in the world. Their decisions have a profound impact on global supply chains, employment, and technological innovation. The leaders of these companies are becoming as influential as world leaders in shaping the global economy.

Source: https://companiesmarketcap.com/

The composition of China’s top 10 listed companies provides a clear picture of the country’s economic priorities and its evolving role in the global economy.

The dominance of state-owned enterprises in key sectors, coupled with the dynamism of private technology companies, creates a unique economic landscape. As these companies continue to grow and expand their global reach, their influence on international markets and technological trends will only increase.