Alibaba, Tencent and Meituan Top List of China’s 100 Leading Internet Enterprises

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Alibaba has topped a new list of China’s top 100 companies in terms of Internet reach and capability.

The Internet Society of China released the “China Internet Enterprise Comprehensive Strength Research Report (2020)” (中国互联网企业综合实力研究报告(2020)) on 29 October in Beijing.

Song Mao’en (宋茂恩), deputy secretary of the Internet Society of China, said that China’s online tech sector had posted a strong performance since the start of 2020 despite the impacts of the COVID-19 pandemic on the broader economy.

Song said that the combined operating revenues of China’s top 100 Internet enterprises in 2020 had “reached a historic high,” with Internet business revenues tapping 3.5 trillion yuan for an increase of 28.2% compared to the same period last year.

R&D expenditures were 177.2 billion yuan, for an increase of 15.2% compared to the same period last year, while tax payments and staff numbers of China’s top 100 Internet companies saw increases of 20.6% and 18.3% respectively.

The Internet Society of China’s top 100 list of China’s leading enterprises in terms of “comprehensive Internet strength” indicates that Alibaba leads the pack in 2020, followed by Tencent, Meituan, Baidu and JD.com.

China’s Top 20 Enterprises in Terms of Comprehensive Internet Strength in 2020

RankCompanyMain operations and brandsLocation
1AlibabaTaobao, T-mall, Alicloud, Dingding. Zhejiang
2TencentWeChat, Tencent Cloud, Tencent VideoGuangdong
3Meituan Meituan, Meituan WaimaiBeijing
4BaiduBaiduBeijing
5JD.com JD Mall, JD LogisticsBeijing
6NetEaseNetEase Games, NetEase NewsGuangdong
7Shanghai Xunmeng Information TechnologyPinduoduoShanghai
8Beijing Xiaoju Keji Co. DiDi KuaicheBeijing
9BytedanceDouyin, Tiktok, Toutiao, Xigua VideoBeijing
10Tencent Music Entertainment Group QQ Music, Kugou Music Beijing
11360 Anuan Keji 360 Anquan Weishi, 360 Secure BrowserBeijing
12Sina CorpSina.com, WeiboBeijing
13Beijing Wuba Xinxi Jishu58 Tongcheng, AnjukeBeijing
14Suning.comSuning Yigou, Suning FinanceJiangsu
15XiaomiXiao, Miui, RedmiBeijing
16Yongyou Wangluo Keji YonBIPBeijing
17Beijing iQIYI Science & TechnologyiQIYI, Suike, Qibabu Beijing
18Sohu Sohu Media, Sohu Video, Sogou Beijing
19CtripTrip.com, Xiecheng Luyou Wang, Qunar Shanghai
20Hunan Kuaile Yangguang Hudong Meiti Co., Ltd.Mang Guo TVHunan

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