CEIBS alums helm 14 companies on Fortune Global 500 list 2023

China Europe International Business School

Fourteen companies helmed by CEIBS alumni have made the recently released 2023 Fortune Global 500 list, with one moving up the ranking compared with last year.

China once again topped the annual list with 142 Chinese companies, followed by the US with 136 companies. In total, the combined revenue of this year’s world’s top 500 companies hit $41 trillion, up 8.4% from the previous year. However, due to the global economic downturn, the combined net profit of all listed companies this year fell by 6.5% year-on-year to about $2.9 trillion.

Nevertheless, there are still many companies that have achieved significant profit growth. Saudi Aramco emerged as the most profitable company on the list with $159 billion, followed by Apple ($99.8 billion), Microsoft ($72.7 billion), and Alphabet ($60 billion). Two Chinese banks, Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), rounded out the top 10 most profitable companies on the list.

Wang Hong (CEIBS President and Professor of Marketing): "Despite the complex international landscape, gloomy world economy, and trade and geopolitical conflicts of the past year, 14 enterprises helmed by CEIBS alumni made the Fortune Global 500 list, a reflection of the 'onscientiousness, innovation and excellence' spirit of CEIBS graduates. 

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About CEIBS
China Europe International Business School (CEIBS) was co-founded by the Chinese government and European Union (EU) in 1994, with Shanghai Jiao Tong University and the EFMD serving as its executive partners. CEIBS has campuses in Shanghai, Beijing, Shenzhen, Zurich in Switzerland, and Accra in Ghana.
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