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Hurun Largest Foreign & HK/Macao/Taiwan Companies in China 2022.

The Hurun Research Institute released the Hurun Largest Foreign & HK/Macao/Taiwan Companies in China 2022, a list of those 100 foreign & HK/Macao/Taiwan companies with the greatest contribution to China's economy, based on their sales and the number of employees in China. This is the second year of the list.
 
 
 
Between them, the 100 Hurun Largest Foreign & HK/Macao/Taiwan Companies in China had sales of US$1tn in China last year, equivalent to 7% of China's annual GDP, with an average annual sales of US&10.6bn per company. They had just under 3 million employees in China, with an average of 30,000 employees per company. 59% are direct-to-consumer and 41% are B2B businesses. 81% sold physical products and 19% sold software or services. The automobile, consumer goods, healthcare and consumer electronics sectors led the list, accounting for nearly half of the top 100. The average age of the 100 companies is 92, and they have a history with China of 55 years on average.
 
 
These 100 foreign & HK/Macao/Taiwan companies have made a significant contribution to the China economy, with sales last year totaling US$1tn in China, equivalent to 7% of China's GDP. They had just under 3 million employees in China. In particular, the four major industries - automobiles, consumer goods, healthcare and consumer electronics - contributed the most. Europe (44%) and the US (36%) continue to dominate the list with 80% of the companies listed. The sector composition is relatively steady but with notable movements in chemicals (+2 companies), semiconductors (+2), healthcare (-2), and consumer (-2).
 
 

The key take-aways from the list are:
 

  • Total sales among the top 100 FIEs in China reached $1 trillion in 2021 or the equivalent to 7% of China's GDP.

 

  • 59% of companies sell direct to consumer with 41% selling to business. 81% sell physical goods with 19% selling software or services.

 

  • Hon Hai Precision (Foxconn) maintains first place on the list with revenue of over $100 billion. VW and Apple sit in second and third respectively. VW sold 3.3 million vehicles in 2021 while Apple holds a 25% market share for phones in China. The highest-ranking British company is HSBC which sits in sixth place.

 

  • In terms of how many companies make the list, the UK sits in joint second place with Japan on 14 companies with the US way out in front at 36 companies.

 

  • 44 of the top 100 are from Europe (and yes, the UK is included in this number).

 

  • The average number of employees among the top 100 FIEs in China is 30,000 with close to 3 million in total.

 

  • Automotive sits top of the sector chart with 16 companies followed by consumer (12) and healthcare (12).

 

  • The sectors with the highest number of new additions are chemicals (+2) and, perhaps surprisingly, semiconductors (+2). The sectors which saw the biggest drops were consumer (-2) and healthcare (-2).

 

  • The companies to make the top 100 which entered China most recently are Tesla (2012), AMD (2004), Qualcomm (2004), JLR (2004), Tokyo Electron (2002), and Uniqlo (2002). AMD, Qualcomm, and Tokyo Electron all sit within the semiconductor sector.

 

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Source: Hurun.net

 

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