Focusing on the release of the 2026 China Top 500 Private Enterprises list, with JD.com, Alibaba, and Hengli securing the top three positions, a detailed review of the full rankings reveals notable downward movements among several major companies.

On September 22, the All-China Federation of Industry and Commerce unveiled its "2026 China Top 500 Private Enterprises" ranking. According to the data, Wanxiang Group now holds the 35th position, dropping six places from its 29th-place finish in the 2025 list. The company's revenue edged up from 213.825 billion yuan to 215.386 billion yuan, marking an increase of 1.56 billion yuan.

Similarly, Cmoc Group Limited, also known as CMOC, currently ranks 36th, falling six spots from its previous 30th-place standing in 2025. Its revenue declined from 213.029 billion yuan to 206.684 billion yuan, a reduction of 6.345 billion yuan over the period.

Likewise, Chaowei Group has slipped to the 71st position, down six places from its 65th-place ranking in the prior year. Despite the drop in rank, the company's revenue rose from 140.785 billion yuan to 141.175 billion yuan, an uptick of 391 million yuan.

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