Fortune China has released the 2025 Fortune China 500 list. State Grid has claimed the top spot for the third consecutive year with revenue of USD548.414 billion. China National Petroleum Corporation and Sinopec Group ranked second and third with revenues of USD412.645 billion and USD407.49 billion, respectively.

Among internet companies, JD-SW (09618.HK)  -2.000 (-1.500%)    Short selling $470.92M; Ratio 22.711%   (JD.US)      ranked 11th, up two places from last year. BABA-W (09988.HK)  -1.700 (-1.413%)    Short selling $869.49M; Ratio 9.268%   (BABA.US)      jumped up by three spots to 18th. BILIBILI-W (09626.HK)  -7.300 (-3.782%)    Short selling $148.48M; Ratio 11.590%   (BILI.US)      made its debut on the list at 488th place.

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In terms of profitability, four of the ten most profitable companies on the list were private enterprises, namely TSMC (TSM.US)      , TENCENT (00700.HK)  -7.000 (-1.257%)    Short selling $1.48B; Ratio 11.044%   , BABA-W, and PING AN (02318.HK)  -0.450 (-0.812%)    Short selling $866.24M; Ratio 21.217%   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-24 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)