Alibaba breaks into Fortune China 500 list, but still trails JD.com
By China Daily | China Daily | Updated: 2015-07-10 07:29
Alibaba Group Holding Ltd has cracked the list of Fortune China 500 companies for the first time after being ranked in 81st position.
The list, compiled by using companies' gross revenue, showed that the Chinese e-commerce giant had revenue of more than 70 billion yuan ($11.3 billion) in 2014.
This is lower than its domestic e-commerce rival JD.com Inc, which was ranked 45th. Last year it occupied 79th position.
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