Photo/VCG

Jan. 9 (NBD) -- Alibaba (NYSE: BABA), Tencent Holdings (0700.HK) and Ping An Insurance (2318.HK) make the top trio in the list of of Hurun China 500 Most Valuable Private Companies 2019, with market capitalization of 545 billion U.S. dollars, 408 billion U.S. dollars and 215 billion U.S. dollars, respectively.

Other firms entering the top 10 are Huawei, Ant Financial, Meituan Dianping, ByteDance, Hengrui Medicine (600276.SH) and Didi Chuxing, according to the ranking released by Hurun Research Institute on Thursday.

The top 10 have a total market value of 1.8 trillion U.S. dollars, approximately 2.6 times that of 5 years ago and 8.4 times of that of 10 year ago.

National Business Daily noticed that Pinduoduo (NASDAQ: PDD) ranks 14th with a market value of 42 billion U.S. dollars, surpassing Baidu (NASDAQ: BIDU) and NetEase (NASDAQ: NTES), and Luckin Coffee (NASDAQ: LK) takes the 132nd place.

From the perspective of geographical distribution, Beijing has the most companies on the list, with 101, followed by 67 in Shanghai and 63 in Shenzhen. Hangzhou, Guangzhou, Suzhou, Chengdu, Nanjing also enter the top 10.

Email: lansuying@nbd.com.cn