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Hurun China Top 500 Non-State-Owned Enterprises Released: TSMC, Tencent, and ByteDance Rank the Top Three
Hurun Research Institute released the “2025 Hurun China 500,” listing China’s top 500 non-state-owned enterprises ranked by enterprise value. The list shows that TSMC once again ranks as the most valuable private enterprise in China with a value of 10.5 trillion yuan, Tencent remains second with 5.3 trillion yuan, and ByteDance stays third with 3.4 trillion yuan.