The People's Government of Foshan Municipality

Two Foshan Companies Rank on 2023 Fortune Global 500

Source:en.foshannews.net/ 2023-08-08

On August 2, the 2023 Fortune Global 500 list was unveiled,with two prominent companies from Foshan on the list.

 

 

The two Foshan-based companies on the prestigious list are Country Garden Holdings (referred to as "Country Garden") and Midea Group (referred to as "Midea Group"). Country Garden secured the 206th spot with an impressive revenue of $63.979 billion USD last year, while Midea Group claimed the 278th position with a strong revenue of $51.393 billion USD during the same period.


The Fortune Global 500 list is widely regarded as the most authoritative and renowned ranking of large companies worldwide. It evaluates companies based on their annual revenue and profits, serving as a crucial benchmark for assessing their strength, scale, and international competitiveness. This achievement is a testament to Foshan’s growing prominence in the global business landscape.

Country Garden's inclusion in the list marks its seventh consecutive year on the Fortune Global 500, while Midea Group's entry represents its eighth consecutive year. These companies' presence on the list showcases their robust performance and sustained success on the global stage.