Global Times | China releases service industry's top 500 companies, with average business revenue surpassing 100 billion yuan
The China Enterprise Confederation and China Enterprise Directors Association on Thursday jointly unveiled the 2025 ranking of the top 500 enterprises in the services industry. Enterprises on the list achieved total revenue of 51.1 trillion yuan ($7.19 trillion) in 2024, with average revenue hitting 102.2 billion yuan, exceeding the 100-billion-yuan threshold for the first time, the Xinhua News Agency reported.
The rankings show that these enterprises achieved rapid revenue and profit growth as well as structurally improved operating efficiency. Per capita revenue reached a record high of 3.28 million yuan and profits hit 215,000 yuan, showcasing the best performances in history.
Emerging services performed strongly, and modern sectors, including the internet, information technology services, finance, logistics and supply chain, and business services, collectively accounted for 184 of the ranked companies.
Thanks to policy support, China's domestic demand continued to expand in the first eight months of 2025, while services consumption, such as tourism and live performances, was particularly active. In the January-August period, service retail sales grew by 5.1 percent, faster than that of goods, according to the National Bureau of Statistics.
On Tuesday, nine government agencies, including the Ministry of Commerce, unveiled 19 measures to boost services consumption, as part of broader efforts to spur domestic demand and unleash consumption potential.
In efforts to advance high-level opening-up in the services sector, China will promote the orderly opening-up of areas such as the internet and culture, while expanding pilot programs in telecommunications, healthcare and education, according to the measures.
The People's Bank of China, the country's central bank, has also stepped up support for services consumption. In May, it launched a 500 billion yuan relending facility for services consumption and eldercare to encourage banks to increase credit to sectors such as catering, culture, education and tourism.