The All-China Federation of Industry &Commerce released a list of the top 500 Chinese private enterprises in 2016. Huawei Technologies Co Ltd took the crown from Lenovo Group Ltd who topped the list last year.
Twelve companies out of the top 500 are also on the list of the Fortune 500 globally, including Huawei Technologies Co Ltd, Lenovo Group, Geely Holding Group Co and Wanda Group.
The total revenue of the 500 enterprises in 2016 reached 16 trillion yuan(US$2.4 trillion), a growth of 10.06 percent from last year.
Let's take a look at the top 10 companies on the list.
10 Vanke Co Ltd
Revenue: 196 billion yuan
View of the headquarters of China Vanke Co Ltd in Shenzhen City, South China's Guangdong Province. [File photo]