The China Federation of Industry and Commerce released the 2026 ranking of China's top 500 private enterprises in the municipality of Tianjin, with JD.com, Alibaba (China) and Hengli Group Co., Ltd. still holding the top three spots, and 110 companies reporting operating revenue above 100 billion yuan. The 28th survey covered a total of 6,350 companies, each with operating revenue in 2025 of more than 1 billion yuan, before the top 500 were ranked by revenue. The top 500 private enterprises posted combined operating revenue of 44.93 trillion yuan, up 4.35 percent from the previous year, and combined net profit of 1.83 trillion yuan, with 17 companies each earning net profit of more than 20 billion yuan. Manufacturing companies in the top 500 had combined operating revenue of 32.22 trillion yuan, up 8.73 percent year on year. On innovation, the top 500 companies that provided relevant data spent a combined 1.26 trillion yuan on research and development, with average R&D investment equal to 2.95 percent of revenue, and these companies also paid a combined 1.3 trillion yuan in taxes in 2025, with 254 companies each paying more than 1 billion yuan in taxes.
Alibaba Group Holding LtdAlibaba (China) ranked second in the top 500 private enterprises list; no company-specific development beyond the ranking mention.
Hengli Group ranked third in the top 500 private enterprises list; only a ranking mention with no specific development.
