(Yicai) July 29 -- Leading Chinese technology companies, including JD.Com, Tencent Holdings, and Alibaba Group Holding, have improved their positions on the Fortune Global 500 list this year.

JD.Com was the Chinese mainland’s highest-ranked tech firm on the 2026 Fortune Global 500 list released yesterday, improving three spots from last year to rank 41st. It was also the most valuable private company from the Chinese mainland.

JD.Com had more than 740 million annual active users in the first quarter of this year, achieving double-digit growth for the 10th consecutive quarter. Moreover, it open-sourced its mixture-of-expert language model JoyAI-LLM Flash in March.

Alibaba ranked 56th on the 2026 Fortune Global 500 list, climbing seven spots. It achieved USD144.2 billion in revenue last year, with a net profit of just USD14.6 billion. With increased investments in instant retail and artificial intelligence infrastructure, Alibaba has faced pressure from declining net profits in recent years.

Huawei Technologies made it into the top 100 for the second time in a row this year, ranking 81st, up from 83rd last year. The company has made a crucial transition from ‘survival’ to ‘development’ over the past year.

Huawei debuted its computing solution Atlas 950 SuperPoD at the Mobile World Conference in February and released the Tau (τ) Scaling Law in May, proposing to replace geometric scaling with time (τ) scaling as a new principle for the evolution of semiconductors and electronics systems. Over the past six years, it has designed and mass-produced 381 chip models based on this approach.

Tencent entered the top 100 this year, jumping to 97th from 116th. The firm’s revenue soared 14 percent to CNY751.8 billion (USD111 billion), and its operating profit expanded 18 percent to CNY280.7 billion last year from 2024.

This year, Tencent has made several moves in the AI sector, launching products like full-scenario AI workbench WorkBuddy and conducting grayscale tests for WeChat’s AI assistant Xiaowei. However, it remains to be seen whether the company’s AI investments will translate into revenue.

Chinese white goods manufacturers also did very well this year on the Fortune Global 500 list, outperforming Japanese and South Korean peers.

Midea Group ranked 231st this year, an improvement from 246th last year. In comparison, South Korea’s LG Electronics and Japan’s Panasonic Holdings ranked 238th and 286th, respectively. Haier Smart Home jumped to 378th place from 390th.

The total revenue of companies on the Fortune Global 500 list was about USD43.1 trillion this year, up 3.2 percent from last year and accounting for more than one-third of the global gross domestic product. Their net profit rose 14 percent to about USD2.4 trillion, and their total and net assets set new historic records.

Amazon ended Walmart’s 12-year reign as the largest enterprise in the world by revenue, climbing to first from second spot. Seven of the top 10 companies were engaged in the technology sector.

Editor: Futura Costaglione