only the companies listed in Hurun's 500 most valuable companies are included.
Supplementary notes
One yuan equals approximately 0.15 U.S. dollars and 0.14 euros (as of January 2023).
The market values of listed companies were based on the closing prices on November 15, 2022. For the valuation of private companies, market values of other companies from the same industry or the latest M&A data were included in the estimations.
Citation formats
Most valuable companies founded or held by Ma Yun in China 2022
The Chinese entrepreneur Ma Yun had established or held brands listed in the top 500 Chinese private companies with a combined market cap of almost *** trillion yuan as of November 2022. Apart from Alibaba, Ma also had significant holdings in financial technology companies Ant Group and Hundsun Technologies.
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Hurun Research Institute. (January 13, 2023). Market value of the most valuable Chinese private companies founded or held by Ma Yun as of 2022 (in billion yuan) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/1290655/china-notable-companies-founded-or-held-by-ma-yun/
Hurun Research Institute. "Market value of the most valuable Chinese private companies founded or held by Ma Yun as of 2022 (in billion yuan)." Chart. January 13, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/1290655/china-notable-companies-founded-or-held-by-ma-yun/
Hurun Research Institute. (2023). Market value of the most valuable Chinese private companies founded or held by Ma Yun as of 2022 (in billion yuan). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/1290655/china-notable-companies-founded-or-held-by-ma-yun/
Hurun Research Institute. "Market Value of The Most Valuable Chinese Private Companies Founded or Held by Ma Yun as of 2022 (in Billion Yuan)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 13 Jan 2023, /statistics/1290655/china-notable-companies-founded-or-held-by-ma-yun/
Hurun Research Institute, Market value of the most valuable Chinese private companies founded or held by Ma Yun as of 2022 (in billion yuan) ÌÇÐÄÆƽâ°æ, /statistics/1290655/china-notable-companies-founded-or-held-by-ma-yun/ (last visited July 29, 2026)
Market value of the most valuable Chinese private companies founded or held by Ma Yun as of 2022 (in billion yuan) [Graph], Hurun Research Institute, January 13, 2023. [Online]. Available: /statistics/1290655/china-notable-companies-founded-or-held-by-ma-yun/
