Why do Internet technology companies take the top two spots in the market value list of listed companies?

Recently, 21 Data News Lab announced the "2017 List of the Top 500 Chinese Listed Companies by Market Value". Among them, Tencent Holdings, Alibaba and Industrial and Commercial Bank of China occupy the top three places on the list. This is also the first time in 10 years that the Internet Technology companies take the top two spots!

It is reported that the list is calculated by 21 Data News Lab by summing up the latest market value of all Chinese companies listed on 15 exchanges around the world, including Shanghai, Shenzhen, Hong Kong, and New York. Come.

According to the list, Tencent Holdings ranked first with a total market value of 3.093456 billion yuan, Alibaba ranked second with a total market value of 2.917864 billion yuan, and Industrial and Commercial Bank of China ranked third with a total market value of 2.034393 billion yuan.

You must know that Tencent’s current stock price has increased by 109% compared with the beginning of 2017, and Alibaba has also increased by 99%. The market value of Tencent and Alibaba is about 50% higher than that of ICBC. In the past 10 years or so, ICBC has basically ranked second in market capitalization, second only to PetroChina.

In addition, the entry threshold for this list is a market value of 30.672 billion yuan, and Watson Biotech just made the list, ranking 500th. According to data, there are currently 6,589 listed companies in China, an increase of 131% from the 2,847 listed companies in the past ten years. The overall market value totals 122.8 trillion, of which the top 500 account for 80% of the total market value.

It must be said that it is increasingly difficult for a listed company to obtain a ticket to the top 500 companies in China by market capitalization. The market value threshold for entering the top 500 is 30.672 billion, which is a sharp increase of 6 times compared with 4.262 billion in December 2008. The proportion of the top 500's total market value of China's listed companies is also increasing year by year, with a growth rate of 79.44. As of December 1, 2017, the total market value of China's top 500 companies was 97.56 trillion.

In the current Internet era, market value has replaced income or profit, and has increasingly become the best yardstick for measuring the comprehensive strength of listed companies. Behind the growth in market value, it also reflects the development of listed companies themselves.

It was actually expected that Tencent would top the list of the Fortune 500. Since the beginning of this year, Tencent's stock price has continued to rise, almost doubling, and has even become the company with the highest market value in China and even Asia. Not long ago, it surpassed Facebook for the first time and ranked fifth in the world.

On this list, we can also find that the unicorn companies "backed" by Tencent, China Literature Group, Zhongan Online, and Yixin Group, are on the newly added list.

I have to admit that Tencent has achieved good results in many fields. Recently, Ma Huateng, chairman and CEO of Tencent, also said in an interview that Tencent will invest more in medical care in the future. energy, and finally, I hope Tencent can do better and better in the medical field, thereby benefiting more mankind!