Chinese internet technology tycoon Tencent's market value had evaporated over 1.42 trillion yuan, as measured in November 2022 in comparison with the year prior. Alibaba and ByteDance were other notable Chinese private companies with heavy loss during the past year.
Market value evaporation of 500 most valuable Chinese private companies between November 2021 and November 2022
(in billion yuan)
One yuan equals approximately 0.15 U.S. dollars and 0.14 euros (as of January 2023).
The market values of listed companies were based on the closing prices on November 19, 2021 and November 15, 2022. For the valuation of private companies, market values of other companies from the same industry or the latest M&A data were included in the estimations. The market value loss is the difference comparing the market values in 2021 and 2022.
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Hurun Research Institute. (January 13, 2023). Market value evaporation of 500 most valuable Chinese private companies between November 2021 and November 2022 (in billion yuan) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1290553/china-biggest-losers-among-most-valuable-chinese-private-companies-during-covid-19/
Hurun Research Institute. "Market value evaporation of 500 most valuable Chinese private companies between November 2021 and November 2022 (in billion yuan)." Chart. January 13, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1290553/china-biggest-losers-among-most-valuable-chinese-private-companies-during-covid-19/
Hurun Research Institute. (2023). Market value evaporation of 500 most valuable Chinese private companies between November 2021 and November 2022 (in billion yuan). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1290553/china-biggest-losers-among-most-valuable-chinese-private-companies-during-covid-19/
Hurun Research Institute. "Market Value Evaporation of 500 Most Valuable Chinese Private Companies between November 2021 and November 2022 (in Billion Yuan)." Statista, Statista Inc., 13 Jan 2023, https://www.statista.com/statistics/1290553/china-biggest-losers-among-most-valuable-chinese-private-companies-during-covid-19/
Hurun Research Institute, Market value evaporation of 500 most valuable Chinese private companies between November 2021 and November 2022 (in billion yuan) Statista, https://www.statista.com/statistics/1290553/china-biggest-losers-among-most-valuable-chinese-private-companies-during-covid-19/ (last visited December 22, 2024)
Market value evaporation of 500 most valuable Chinese private companies between November 2021 and November 2022 (in billion yuan) [Graph], Hurun Research Institute, January 13, 2023. [Online]. Available: https://www.statista.com/statistics/1290553/china-biggest-losers-among-most-valuable-chinese-private-companies-during-covid-19/
