The All-China Federation of Industry and Commerce released its 2025 Top 500 Private Enterprises List, highlighting that e-commerce giant JD topped the list as the private Chinese firm with the highest revenue last year. Alibaba and oil refiner Hengli Group followed as the next largest private companies by revenue. Collectively, these top 500 private enterprises generated a combined revenue of $6 trillion and reported profits of 1.8 trillion yuan (approximately $252 billion) in 2024. Their investment in research and development reached 1.13 trillion yuan (around $158 billion). This ranking underscores the robust growth of China's private sector amid the country's evolving economic landscape. Additionally, Forbes unveiled several 2025 lists, including the Asia 100 to Watch, Best Employers by State, Global 2000, Best In-State Lawyers, America's Richest Immigrants, Most Valuable Sports Agencies, Canada's Best Employers for Company Culture, Top Creators, Highest-Paid Golfers, and Richest Female Sports Team Owners. The Forbes Asia 100 to Watch list also featured two Pakistani startups, while Foxtale Skin, a skincare and body-care brand with a loyal customer base exceeding 1.5 million users, was recognized in the same list.