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Original title: the world's top 500, China overtook Xiaomi of the United States to become the youngest world's top 500
On July 22, Fortune magazine released the ranking of the world's top 500 in 2019. In terms of industry, globally, there are 7 Internet companies listed, namely Amazon, Google parent company alphabet, Facebook, JD, Alibaba, Tencent and Xiaomi. Among them, Xiaomi is defined as an enterprise in the 'Internet service and retail' industry, ranking 468 for the first time, becoming the fourth Chinese Internet enterprise after JD, Alibaba and Tencent, and the seventh Internet enterprise in the world. At the same time, in this year's list data, the number of large Chinese companies kept pace with the United States for the first time. Among the 500 enterprises, 129 are from China, surpassing the United States (121) for the first time in history.
At present, there are 7 Internet companies on the list worldwide and 4 in China. With the addition of Xiaomi, the number of Chinese Internet companies exceeds that of the United States. Xiaomi group took eight years from its establishment to becoming one of the Fortune Global 500, becoming the fastest Internet and technology enterprise in China. In 2018, Xiaomi group had a total revenue of RMB 174.9 billion and a net profit of RMB 8.55 billion.
According to public information, it took 18 years for JD, Alibaba, Tencent and Huawei to enter the Fortune Global 500, 18 years, 14 years and 23 years respectively, and 8 years for Xiaomi.