Among them, Alibaba, Tencent and Ping an Insurance ranked the top three private enterprises in China with a market capitalization of 3.8 trillion, 2.9 trillion and 1.5 trillion respectively, while Huawei ranked fourth with a valuation of 1.2 trillion.
Overall, emerging industries are the main source of wealth on the list, covering 238 companies, accounting for 47 per cent. Emerging industries include energy conservation and environmental protection, emerging information industry, biological industry, new energy vehicles, high-end equipment manufacturing and new materials. As a sunrise industry of global energy transformation, the wealth of photovoltaic industry has also soared rapidly.