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Daily Mail
30-07-2025
- Business
- Daily Mail
Walmart tops list of world's largest companies
Published: | Updated: Three Chinese firms have made it onto the list of the world's top ten largest companies this year - but one US retail giant still leads the way. The annual Fortune Global 500 global league table revealed China 's State Grid ranks third, with China National Petroleum in fifth, and Sinopec close behind in sixth. But, while China has strong contenders this year, no firm has managed to overtake American giant Walmart - which holds the top spot for a 12th consecutive time. The list, published by Global Business Magazine, is determined based on data collected throughout the entirety of the previous year. China-based State Grid is the biggest utilities company in the world, and Saudi Aramco a petroleum and natural gas company out of Saudi Arabia. China National Petroleum, Sinopec Group, and UnitedHealth Group followed in fifth, sixth, and seventh place, respectively. Apple, CVS Health, and Berkshire Hathaway rounded out the top 10. Although many of the list's findings might not come as a surprise, some companies have unexpectedly fallen far from their previously prominent places. The position of Apple, in particular, was shocking given that it was listed five spots lower than in 2024, according to Eqvista. But, the disappointing result is only a minor setback for the Tec giant, as it continues to expand year on year. Apple had roughly $387 billion in revenue for 2024, about a 2.8% increase from 2023, according to Forbes. Companies on the 2025 Fortune Global 500 list generated a record-breaking $41.7 trillion in revenue (up 1.8% from last year) and employed 70.1 million people worldwide. In 2024, these companies also recorded their second-most profitable year ever, earning a combined $2.98 trillion, a 0.4% increase from the previous year. It comes after Apple was officially crowned the world's biggest phonemaker last year. While Samsung has taken the top spot every year since 2010, it was finally knocked off its pedestal by Apple in 2023. Figures released by the International Data Corporation (IDC) reveal how Apple took 20.1 per cent of the market share last year – a 3.7 per cent increase on 2022. 'The biggest winner is clearly Apple,' said Nabila Popal, research director with IDC's Worldwide Tracker team. 'Not only is Apple the only player in the Top 3 to show positive growth annually, but also bags the number 1 spot annually for the first time ever.' Preliminary data from the IDC showed that 234.6 million iPhones were shipped in 2023, followed by 226.6 million Samsung smartphones. Xiaomi came in third, shipping 145.9 million smartphones last year, followed by OPPO (103.1 million) and Transsion (94.9 million). 'The overall shift in ranking at the top of the market further highlights the intensity of competition within the smartphone market,' said Ryan Reith, group vice president with IDC's Worldwide Mobility and Consumer Device Trackers.
Daily Mail
30-07-2025
- Business
- Daily Mail
Three Chinese firms make top ten in list of world's largest companies - but US retail giant still leads global league table
Three Chinese firms have made it onto the list of the world's top ten largest companies this year - but one US retail giant still leads the way. The annual Fortune Global 500 global league table revealed China 's State Grid ranks third, with China National Petroleum in fifth, and Sinopec close behind in sixth. But, while China has strong contenders this year, no firm has managed to overtake American giant Walmart - which holds the top spot for a 12th consecutive time. The list, published by Global Business Magazine, is determined based on data collected throughout the entirety of the previous year. This means for 2025, it's based on information about the companies from 2024, and last year's list was determined by 2023 details, and so on. Amazon was listed as the second largest company, followed by State Grid and Saudi Aramco. China-based State Grid is the biggest utilities company in the world, and Saudi Aramco a petroleum and natural gas company out of Saudi Arabia. China National Petroleum, Sinopec Group, and UnitedHealth Group followed in fifth, sixth, and seventh place, respectively. Apple, CVS Health, and Berkshire Hathaway rounded out the top 10. Although many of the list's findings might not come as a surprise, some companies have unexpectedly fallen far from their previously prominent places. The position of Apple, in particular, was shocking given that it was listed five spots lower than in 2024, according to Eqvista. But, the disappointing result is only a minor setback for the Tec giant, as it continues to expand year on year. Apple had roughly $387 billion in revenue for 2024, about a 2.8% increase from 2023, according to Forbes. Companies on the 2025 Fortune Global 500 list generated a record-breaking $41.7 trillion in revenue (up 1.8% from last year) and employed 70.1 million people worldwide. In 2024, these companies also recorded their second-most profitable year ever, earning a combined $2.98 trillion, a 0.4% increase from the previous year. It comes after Apple was officially crowned the world's biggest phonemaker last year. While Samsung has taken the top spot every year since 2010, it was finally knocked off its pedestal by Apple in 2023. Figures released by the International Data Corporation (IDC) reveal how Apple took 20.1 per cent of the market share last year – a 3.7 per cent increase on 2022. 'The biggest winner is clearly Apple,' said Nabila Popal, research director with IDC's Worldwide Tracker team. 'Not only is Apple the only player in the Top 3 to show positive growth annually, but also bags the number 1 spot annually for the first time ever.' Preliminary data from the IDC showed that 234.6 million iPhones were shipped in 2023, followed by 226.6 million Samsung smartphones. Xiaomi came in third, shipping 145.9 million smartphones last year, followed by OPPO (103.1 million) and Transsion (94.9 million).
Bloomberg
04-07-2025
- Business
- Bloomberg
China's Main Grid Sees Renewables Trimming Chance of Blackouts
China's record buildout of renewables may help networks overcome weather-driven demand spikes, according to the research arm of the country's biggest grid operator. More than 500 gigawatts of wind and solar will be completed this year, giving clean power a 48% share in China's total capacity — overtaking thermal plants burning coal and natural gas for the first time, the State Grid Energy Research Institute said Friday in a report. That will help meet a rebound in electricity consumption in the second half of this year and help networks handle demand spikes as heat waves push up demand.
Yahoo
25-06-2025
- Business
- Yahoo
2025 China Energy Internet Conference Wraps Up in Hangzhou
HANGZHOU, China, June 25, 2025 /PRNewswire/ -- 2025 China Energy Internet Conference wrapped up in Hangzhou, China, on June 21. The two-day event, organized by Tsinghua University, brought together over a thousand leaders, experts, and representatives from various sectors related to the energy internet. Over 100,000 viewers also tuned in via live broadcasts on platforms such as Tsinghua University. Conference Explores AI-Energy Integration The energy internet, a core carrier that integrates advanced technologies and intelligent controls, is a driving force for the intelligent upgrading of energy systems and industrial transformation. Themed "Artificial Intelligence Deepens Collaboration, Energy Technology Seeks Innovation," the conference aimed to explore pathways for zero-carbon transitions and the digital energy era. The event was co-hosted by Energy Internet Research Institute,Tsinghua University, People's Government of Xiaoshan District, State Grid Zhejiang Electric Power Company Hangzhou Power Supply Company and China Energy Research Society. Key figures from the National Energy Administration, the State Grid Corporation of China, China Southern Power Grid Co., Ltd., the People's Government of Xiaoshan District in Hangzhou, and Tsinghua University were among the attendees. They delivered speeches at the conference, highlighting the importance of the energy internet in driving sustainable development and innovation in the energy sector. Keynote speeches were delivered by Shi Yigong, president of Westlake University and an academician of the Chinese Academy of Sciences, and Zhang Dongxiao, executive vice president and dean of academic affairs at Easter Institute of Technology, Ningbo and and a member of the US National Academy of Engineering. They emphasized the transformative impact of AI on traditional scientific research and the necessity of combining high-quality data with industry principles to unlock the true value of big data. Senior representatives from State Grid Zhejiang Electric Power Company Hangzhou Power Supply Company, Envision Energy Co., Ltd., and Unitree Robotics, as well as Mei Shengwei, a tenured professor from the Department of Electrical Engineering at Tsinghua University and vice president of Qinghai University, delivered keynote speeches at the conference. The event brought together experts from various fields to discuss the development of China's energy internet industry and technological innovation under the backdrop of the country's "dual carbon" goal. Annual Report Released, Excellence Recognized During the conference, the Energy Internet Research Institute,Tsinghua University and the China Energy Internet Alliance released the "2025 Annual Report: Development of National Energy Internet". The report provides a comprehensive overview of China's energy internet sector, covering hot policies, development trends, and innovation status. It consolidates consensus from various sectors and offers authoritative assessments and strategic foresight for the development of China's energy internet. The conference also recognized projects leading enterprises that won the "2025 Best Energy Internet Practice Case" award and experts who made "outstanding contributions." Six sub-forums were held on June 20, covering topics such as energy digitalization, energy Internet of Things, power carbon neutrality, energy storage applications, artificial intelligence, and new power equipment and engineering applications. On June 21, a comprehensive forum featured discussions on the collaborative development of artificial intelligence and the energy internet. Significance and Future Outlook The conference marked a significant step in China's energy transition, highlighting the role of AI in driving innovation and sustainability. As China accelerates core technology breakthroughs and ecosystem construction, the conference showcased the potential for China to contribute a paradigmatic "China Solution" to global energy development. "It underscored the importance of technological integration in building a green, intelligent, and sustainable energy future," The organizer told Global Times Online. View original content to download multimedia: SOURCE Global Times Online Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
24-06-2025
- Business
- Bloomberg
China On Target to Launch National Power Market by End of Year
China is on target to launch a unified national power trading market by the end of this year, according to its main electricity grid operator. State Grid Corp. of China's President Pang Xiaogang is confident the platform will be ready by then, he said Tuesday during a panel at the World Economic Forum conference in Tianjin, known as Summer Davos.
