Huawei crowned China's best private company

Huawei Technologies Co Ltd is the best private company in China, according to a list of top 500 private enterprises in the country released in Shenyang, Northeast China's Liaoning province, on Wednesday.

The tech giant tops the ranking with revenue of 603.62 billion yuan ($88.57 billion) in 2017, followed by Suning Holdings Group and Amer International Group.

There are 104 new comers compared with last year, lifting the annual revenue threshold to 15.68 billion yuan.

The total operating income of the top 500 private enterprises stood at 24.48 trillion yuan last year, with an average of 48.96 billion yuan of each.

About 17 of the top 500 Chinese private enterprises are among the top 500 global enterprises.