January 31, 2024 – The Hurun Research Institute today unveiled its “2023 Hurun Global 500” list, highlighting the world’s top 500 non-state-owned enterprises ranked based on their market value or valuation.
It is reported that the threshold for entering the Hurun Global 500 has increased by 7% compared to the previous year, amounting to a rise of 14.5 billion yuan and now standing at 217 billion yuan. The total value of the companies on the list has grown by 12% year-on-year, an increase of 4.2 trillion yuan, bringing the total to 38.2 trillion yuan.
The value of 337 companies has increased, with 48 newcomers making their debut on the list. Meanwhile, 163 companies have either seen a decline in value or remained unchanged, while 48 others have dropped off the list.
In terms of business orientation, 56% of the companies cater directly to consumers, while 44% are B2B firms. When it comes to product offerings, 53% of the companies sell physical goods, while 47% focus on software and services.
Financially speaking, five industries account for half of the Hurun Global 500’s total value, led by financial services, followed by consumer goods, software and services, healthcare, and retail.
Notably, OpenAI has made its debut on the Hurun Global 500 list with a value of 50 billion US dollars. Currently, the company is in talks to raise a new round of funding at a valuation of 86 billion US dollars.
Sam Altman, the co-founder, and CEO of OpenAI, has previously announced plans for 2024, including the development of GPT-5, enhanced voice and video models, improved reasoning capabilities, and higher rate limits. Additionally, OpenAI intends to conduct in-depth research on AGI (Artificial General Intelligence). While AIGC (Artificial Intelligence Generated Content) has become widespread, AGI still remains in the research phase.
