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Alibaba among top 10 most valuable private companies in 2021
en.hangzhou.com.cn   2022-02-21 14:32   Source:chinadaily.com.cn

Tencent has become the most valuable private company in China, according to the Hurun China 500 Most Valuable Private Companies list for 2021.

Semi-conductor giant TSMC ranked second with a value of $577 billion, following Tencent with a valuation of $609 billion.

Alibaba, an e-commerce giant based in Hangzhou, capital of East China's Zhejiang province, halved in value, dropping down one place to third, while ByteDance's value tripled last year, rising five places to fourth.

Author:  Editor:Wang Jian
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