Technology firms dominate the list of China’s 500 most valuable private companies, as consumer-goods and healthcare providers drop.
Hurun's 2024 China 500 ranking shows technology firms, particularly in AI and semiconductors, rising in value while consumer goods and healthcare companies decline. TSMC topped the list, followed by Tencent and Alibaba. The rise of industrial products, semiconductors, and software reflects advances in smart manufacturing and the digital economy.