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DeepNewz, mobile.
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A recent wave of Hong Kong startup founders is moving to Shenzhen, China's burgeoning tech hub, as they seek to capitalize on the region's growing innovation ecosystem. This trend comes amid the release of the 2024 Fortune Global 500 list, which features 133 Chinese firms, including Chery Auto, PDD Holding, and Hangzhou Industrial Investment, marking their debut on the prestigious ranking. The list, which ranks the world's largest companies by revenue, revealed that these corporations generated a total of $41 trillion in 2023, accounting for over one-third of global GDP. The United States has reclaimed its lead with 139 companies on the list, surpassing Greater China for the first time since 2018.
The #Global500 is out now, and companies generated revenue of $41 trillion, representing more than one-third of global GDP. https://t.co/DvabB4xgVy
🌎 Fortune #Global500 companies are based in 238 cities and 35 countries/territories around the world. 🇺🇸 With 139 companies, the U.S. took the lead away from Greater China for the first time since 2018. 💰 Companies on the list posted record aggregate revenue of $41 trillion.… https://t.co/clWem4QOg1
The 2024 #Global500 is here. The corporations on our annual list of the world’s 500 largest companies posted aggregate revenues of $41 trillion in 2023. https://t.co/Vn5k9CNumA