One yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of June 2026).
The market values of listed companies were based on the closing prices on November 15, 2024. 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.
As of 2025, Alibaba remained China's leading e-commerce company, with a market value of approximately *** trillion yuan. In that year, Pinduoduo surpassed JD.com as the second-largest e-commerce company. There were e-commerce companies among China's 500 leading private companies.
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Hurun Research Institute. (February 5, 2026). Leading e-commerce companies in China as of 2025, based on market valuation (in billion yuan) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/1398541/china-leading-ecommerce-companies-based-on-market-value/
Hurun Research Institute. "Leading e-commerce companies in China as of 2025, based on market valuation (in billion yuan)." Chart. February 5, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/1398541/china-leading-ecommerce-companies-based-on-market-value/
Hurun Research Institute. (2026). Leading e-commerce companies in China as of 2025, based on market valuation (in billion yuan). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/1398541/china-leading-ecommerce-companies-based-on-market-value/
Hurun Research Institute. "Leading E-commerce Companies in China as of 2025, Based on Market Valuation (in Billion Yuan)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 5 Feb 2026, /statistics/1398541/china-leading-ecommerce-companies-based-on-market-value/
Hurun Research Institute, Leading e-commerce companies in China as of 2025, based on market valuation (in billion yuan) ÌÇÐÄÆƽâ°æ, /statistics/1398541/china-leading-ecommerce-companies-based-on-market-value/ (last visited July 28, 2026)
Leading e-commerce companies in China as of 2025, based on market valuation (in billion yuan) [Graph], Hurun Research Institute, February 5, 2026. [Online]. Available: /statistics/1398541/china-leading-ecommerce-companies-based-on-market-value/
