s
Global EditionASIA 中文双语Français
Business
Home / Business / Companies

Alibaba's Zhang Yong tops Forbes China Best CEOs list

By Zhao Shiyue | chinadaily.com.cn | Updated: 2020-08-11 18:05
Share
Share - WeChat
Alibaba Group's chairman and CEO Zhang Yong. [Photo/Sipa]

Zhang Yong, chairman and chief executive officer of China's internet heavyweight Alibaba Group, has taken the first spot of the top 50 CEOs published by Forbes China on Tuesday. Tencent's Ma Huateng and Ping An's Ma Mingzhe rounded out the top three.

According to Forbes China, the list is based on a company's stock price performance, market value, revenue, net profit, profit growth, return on assets and return on equity for domestically listed, as well as Hong Kong and US-traded shares from 2017 to 2020. CEOs that made the cut also are required to hold the position for three consecutive years after stepping in.

The average age of 50 CEOs is 54 years old, and the market value of companies they manage hits 365.4 billion yuan ($52.54 billion) on average. Four female leaders were nominated, including Chen Lin from Wuliangye at sixth, Dong Mingzhu from Gree Electric at 11th place, Wang Laichun of Luxshare Precision at 17th and Fan Hongwei of Hengli Group at 35th.

It is worth noting that 10 companies that top 50 CEOs manage are in Shenzhen, surpassing those in Beijing, Shanghai and Hangzhou. Tech and internet giant Tencent and insurance leader Ping An, plus Mindray, the biggest breathing machine manufacturer and Luxshare Precision, smartphone producer Apple's supplier, have experienced great performance since 2017.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE