JD.com, Alibaba, Hengli head top-500 companies

China on Tuesday released the 2026 list of the country's top 500 private enterprises, with 110 companies reporting operating revenue of over 100 billion yuan, underscoring robust growth in the country's private sector. JD.com, Alibaba (China) and Hengli Group retained the top three positions, according to the 2026 China Top 500 Private Enterprises list unveiled by the All-China Federation of Industry and Commerce in Tianjin. The 28th large-scale private enterprise survey conducted by the federation took in a total of 6,350 companies, each with operating revenue of over one billion yuan in 2025, with the top 500 companies by revenue making up the list. The survey showed that China's private enterprises continued to improve their innovation capacity, operating efficiency and core competitiveness, demonstrating an overall trend towards new and higher-quality development. The top 500 private enterprises reported total operating revenue of 44.93 trillion yuan in 2025, up 4.35 percent. They also saw a combined net profit of 1.83 trillion yuan, with 17 companies each posting over 20 billion yuan in net profit. Manufacturing companies on the top 500 list recorded total operating revenue…