The U.S. and China are the world’s two largest economies. These two nations boast some of the world’s biggest companies by market cap. Market capitalization, or market cap, measures a company’s total value based on its stock price and shares. The combined market value of the top 10 U.S. companies stands at approximately $18 trillion, whereas the top 10 Chinese firms are worth about $3 trillion. Notably, Eli Lilly, the 10th largest U.S. company, is worth approximately $740 billion, which is more than Tencent, China’s biggest company, valued at about $634 billion.
Key Takeaways
- The U.S. Largest companies dominates in technology, while China’s biggest companies are strong in banking, e-commerce, and consumer goods.
- The three biggest companies in the U.S. are Apple, Nvidia, and Microsoft, while in China, the top players are Tencent, Alibaba, and ICBC.
- The top 10 U.S. companies have a total market value of $20.4 trillion, while the top 10 Chinese companies are valued at $2.6 trillion. This means the U.S. top companies are nearly 8 times more valuable than China’s top companies.
Top 10 U.S. and China Companies With Market Cap
The table below presents the top 10 largest companies in the U.S. and China by market capitalization.
| Rank | U.S. Companies | Market Cap | China Companies | Market Cap |
|---|---|---|---|---|
| 1 | Apple | $3.214 T | Tencent | $634.80 B |
| 2 | NVIDIA | $2.916 T | Alibaba | $350.51 B |
| 3 | Microsoft | $2.889 T | ICBC | $319.13 B |
| 4 | Amazon | $2.074 T | Kweichow Moutai | $282.28 B |
| 5 | Alphabet (Google) | $2.015 T | Agricultural Bank of China | $246.01 B |
| 6 | Meta (Facebook) | $1.532 T | China Mobile | $238.88 B |
| 7 | Berkshire Hathaway | $1.128 T | China Construction Bank | $222.74 B |
| 8 | Broadcom | $914.52 B | Bank of China | $206.38 B |
| 9 | Tesla | $765.56 B | PetroChina | $196.17 B |
| 10 | Eli Lilly | $740.77 B | Xiaomi | $180.26 B |
| Total | $18.187 T | $3.094 T |
The data is sourced from companiesmarketcap.com. It is subject to change according to market sentiments. For updated data, you can visit companiesmarketcap.com.
Top 10 U.S. Companies by Market Cap
1. Apple ($3.21 trillion)
Apple is the world’s most valuable company, and its products are used by millions worldwide. Its reputation is built around iPhones, MacBooks, and other innovative technologies. It also earns billions from services like the App Store and Apple Music. The company focuses on design, innovation, and customer experience, which help maintain strong brand loyalty.
2. Nvidia ($2.91 trillion)
Nvidia dominates the graphics processing unit (GPU) and artificial intelligence chip space. It is one of the largest suppliers of GPUs for gaming, data centers, and AI applications. The company plays a major role in AI model training and cloud computing.
3. Microsoft ($2.88 trillion)
Microsoft is known for Windows and Office, but its biggest growth comes from cloud computing (Azure), AI, and business solutions. The company is investing heavily in AI tools like Copilot and ChatGPT, which help businesses integrate AI into their work.
4. Amazon ($2.07 trillion)
Amazon is the world’s largest online retailer, which offers everything from books to groceries. It also dominates cloud computing through Amazon Web Services (AWS), which powers millions of websites and businesses.
5. Alphabet ($2.01 trillion)
Alphabet is Google’s parent company, which controls the world’s largest search engine and the most popular video platform, YouTube. It is also the market leader in digital advertising. The company makes most of its money from digital ads, but it also invests in AI, cloud computing, and self-driving cars through its Waymo project.
6. Meta ($1.53 trillion): Meta owns Facebook, Instagram, and WhatsApp, with billions of users worldwide.
7. Berkshire Hathaway ($1.12 trillion): It is a highly diversified investment company with holdings in banking, insurance, energy, railroads, and consumer brands.
8. Broadcom ($914.52 billion): It is a major semiconductor company that produces high-performance chips used in 5G networks, cloud computing, and AI.
9. Tesla ($765.56 billion): It is the leading electric vehicle (EV) maker and a key player in renewable energy. It is also developing self-driving technology and battery storage solutions for homes and businesses.
10. Eli Lilly ($740.77 billion): Founded in 1876, Eli Lilly is known for innovations in drug research and improving patient care worldwide. It is a global pharmaceutical company that develops medicines for diseases like diabetes, cancer, and mental health conditions.
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Top 10 Chinese Companies by Market Cap
1. Tencent ($634.8 billion)
Tencent is the market leader in social media, online gaming, and digital payments. The company owns the popular WeChat messaging app, which has over 1 billion users. The company also owns WeChat Pay, one of China’s leading digital payment platforms. Additionally, Tencent is the world’s second-largest video game company after Sony Interactive Entertainment.
2. Alibaba ($350.5 billion)
Alibaba is the world’s largest e-commerce and retail companies, similar to Amazon. It also dominates cloud computing, logistics, and digital payments with Alipay.
2. ICBC ($319.1 billion)
The Industrial and Commercial Bank of China is the largest bank globally in terms of assets. It is also the largest bank in China, which supports infrastructure, manufacturing, and real estate across China.
4. Kweichow Moutai ($282.2 billion)
Kweichow Moutai is China’s most valuable liquor brand, producing high-end baijiu (a traditional Chinese alcohol). It enjoys robust domestic demand and brand heritage. Its products are popular for luxury gifting and business events.
5. Agricultural Bank of China ($241.0 billion)
Agricultural Bank of China is one of China’s largest state-owned banks. It is involved in funding rural development and agricultural finance to support China’s economic growth.
6. China Mobile ($238.8 billion): China Mobile is the country’s largest telecom company, with over 900 million users. It provides 5G, internet, and cloud computing services.
7. China Construction Bank ($222.7 billion): This is China’s second-largest bank, which plays a key role in housing, urban development, and global trade financing.
8. Bank of China ($206.3 billion): This state-owned bank operates internationally and finances infrastructure projects through China’s Belt and Road Initiative (BRI).
8. PetroChina ($196.1 billion): It is one of China’s biggest oil and gas companies, which supplies energy to factories, transportation, and households.
10. Xiomi ($180.2 billion): Xiaomi is a Chinese technology company that designs and manufactures smartphones, smart home devices, and other consumer electronics.
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Key Insights
1. U.S. Companies Technology Superiority: The top U.S. companies, including Apple, Nvidia, and Microsoft, are technologically driven. These companies are at the forefront of innovation, particularly in artificial intelligence and cloud computing.
2. Chinese Companies Financial Dominance: Half of the top 10 Chinese largest companies are state-run banks. This indicates China’s emphasis on using financial institutions to support infrastructure projects and promote economic growth.
Conclusion
The U.S. and China are dominating the world economy with their top companies. The U.S. is strong in technology and innovation, whereas China’s banking sector and consumer brands are the backbone of its economy. Additionally, there is a huge difference between the total market capitalization of US and Chinese companies. The total market value of the top 10 U.S. companies is approximately $20 trillion, while China’s top companies collectively amount to around $2.6 trillion.
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