Ranked: Top 30 Chinese Companies Listed in the U.S.

Pallavi Rao
2025-05-12 10:42:00
www.visualcapitalist.com

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Ranked: Top 30 Chinese Companies Listed in the U.S.

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Key Takeaways

China’s most valuable company listed on U.S. exchanges is Alibaba, also one of the largest IPOs of the decade.
NetEase which listed in 2000 is the oldest U.S. listed Chinese company in the top 30 by market capitalization.

Amidst Trump’s second trade war, Chinese companies are once again in the spotlight for Americans and American politics.

Using data from the U.S.-China Economic and Security Review Commission, we list the top 30 Chinese firms listed on U.S. exchanges by their market capitalization. All figures are in U.S. dollars, as of April 28th, 2025.

Per the source, a company is considered Chinese if listed as such by a U.S. exchange, headquartered in China, or has most of its operations there.

Most Valuable Chinese Companies in American Stock Markets

China’s most valuable company listed in the U.S. is Alibaba, one of the largest IPOs of the decade.

Since its IPO days, the company’s market cap has grown 13x to $285 billion today.

Rank	Name	Market Capitalization	Sector
1	Alibaba Group	$285.0B	Technology
2	Pinduoduo	$143.2B	Business Services
3	NetEase	$66.6B	Technology
4	JD.com	$51.0B	Consumer Services
5	Trip.com International	$40.4B	Business Services
6	Baidu	$31.1B	Technology
7	BeiGene	$28.5B	Health Care
8	Li Auto	$26.0B	Consumer Durables
9	KE Holdings	$25.3B	Real Estate
10	Tencent Music	$20.8B	Technology
11	Xpeng	$19.0B	Technology
12	Yum China	$17.5B	Consumer Services
13	ZTO Express	$15.5B	Transportation
14	Full Truck Alliance	$12.0B	Transportation
15	H World Group	$11.3B	Consumer Services
16	NIO	$9.0B	Consumer Durables
17	New Oriental	$7.7B	Consumer Services
18	Bilibili	$7.2B	Technology
19	Vipshop	$7.0B	Consumer Services
20	Kanzhun	$6.8B	Technology
21	Qifu Technology	$5.7B	Finance
22	ZEEKR Intelligent	$5.6B	Consumer Discretionary
23	TAL Education Group	$5.5B	Consumer Services
24	Miniso	$5.5B	Consumer Services
25	GDS Holdings	$4.4B	Technology
26	Zai Lab	$3.7B	Health Care
27	Pony AI	$3.6B	Technology
28	Kingsoft Cloud	$3.3B	Technology
29	Atour Lifestyle	$3.3B	Consumer Discretionary
30	WeRide	$1.8B	Technology

Ranked second, Pinduoduo, an online retailer that started in the agriculture space is worth about half of Alibaba (though it did list four years later).

At third place, NetEase, which listed in 2000 is the oldest U.S.-listed Chinese company in the top 30. It’s China’s largest email services provider and has since ventured into gaming, music streaming, and online education.

Missing from this list is Tencent, a multimedia conglomerate with ventures in gaming, music, social media, instant messaging, and e-commerce.

The holding company is listed in Hong Kong, while its subsidiary, Tencent Music ranks 10th on this list.

Chinese IPOs in the U.S. Are Making a Comeback

After two years of muted activity—due to rising geopolitical tensions, and security concerns—Chinese IPOs in the U.S. are making a comeback.

Since January 2024, 48 new listings have occurred, led by mostly small cap companies with an average IPO of $50 million.

For context, the Chinese government clamped down on offshore listings in 2021, introducing a new data review process that could block an overseas IPO if the government felt it threatened Chinese national security.

Learn More on the Voronoi App

When it comes to valuable companies, the U.S. is by far the winner. But China is going toe to toe with Europe’s largest. Check out: The 10 Largest Companies in the U.S., EU, and China for a quick breakdown.

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