Huawei improved ranking in Fortune Global 500 List 2021 despite U.S. restrictions

Fortune 500 Global List for 2021 is now published, which shows that Huawei has made significant progress despite U.S. sanctions.

However, these worldwide companies show an overall decline of $31.7 trillion with a 4.8% decrease over the past five years. The expertises are blaming the global pandemic for the decline, while most of the previous firms aren’t able to make a place in the top 500 this year.

Fortune Global 500 Top 10:

The worldwide e-shopping platform – Walmart is still on top for the eighth consecutive year and recorded $523,964 million revenue this year. While the Chinese electric firm- State Grid rose to the second position and Amazon directly jumps to the third from ninth place with $383,906 and $280,522 million revenue growth.

Furthermore, the China National Petroleum, Sinopec Group, and Apple are in four, fifth and sixth positions respectively. Besides, Royal Dutch Shell, Saudi Aramco, and BP slipped out of the top 10 and making a place for CVS Health on seventh and UnitedHealth Group in the eighth position followed by Toyota Motor in ninth and Volkswagen in tenth place.

Top Bulletins:

• Walmart is titled as the world’s largest company for the eighth consecutive year
• Apple is the most profitable company with a net profit of 57.4 billion USD
• It was the first time when Tesla and Netflix were listed with the 392nd and 484th position respectively
• Amazon, Alphabet, Facebook, JD.com, Alibaba, and Tencent are the event internet company listed this year
• Huawei is on the 44th position in the list
• 19 ICT companies from the US-listed this year
• Chinese firms including SAIC, Tencent, Alibaba show a significant improvement companion to last year
• China-based Xiaomi shows the largest improvement and rose by 84 places