Currently, the dozen or so companies with the highest market value in Asia are roughly divided into three levels.

The first level is Saudi Aramco, Alibaba, and Tencent. The market value of these three companies is far ahead of other companies. They are: Saudi Aramco: about 2 trillion U.S. dollars in market value. Alibaba: about 740 billion U.S. dollars. Tencent: about 630 billion U.S. dollars in market value.

It is over US$500 billion, of which Saudi Aramco is an oil company. Why is the market value so high?

Because most of the oil resources in Saudi Arabia are under his monopoly, and the cost of extraction is low, the market value is astronomical.

Alibaba and Tencent are both Internet companies. Relying on China's strong domestic market, their current turnover and profits are still growing at a very high rate. If they completely open up the international market in the future, their development will be even more promising, so their market value will also be extremely high.

The second level is: Huawei: 2 trillion RMB Ant Financial: 2 trillion RMB Samsung Electronics: 320 billion US dollars State Grid: 2 trillion RMB These four companies have market values ??of more than 2 trillion RMB, about 3,000

With the exception of Samsung Electronics, the other three companies are all unlisted companies. Why are these three companies at this level?

Needless to say, State Grid is an absolute high-tech enterprise that monopolizes global high-voltage power transmission standards. The annual number of invention patents and international patent applications has ranked among the top three in China and among the top ten in the world, both in terms of turnover and international patent applications.

Profits and future development are very optimistic.

If listed, the market value of 300 billion is not overvalued at all.

Huawei's revenue in 2019 was US$124.3 billion, which is slightly behind Samsung Electronics' US$197.7 billion. However, Huawei is the leader in the global 5G industry, with an annual R&D investment of more than 140 billion yuan, surpassing Samsung. Its mobile phone sales currently exceed Samsung's and ranks first in the world.

First, there are Kirin chips, which surpass Samsung in terms of performance and sales, as well as its own Hongmeng operating system, personal computers, etc. Therefore, from the perspective of future development, it is obviously more optimistic than Samsung. If it is listed, the market value will definitely be higher than that of Samsung.

Three stars high.

Ant Financial is a company to be listed on the domestic exchange. According to information disclosure, its market value is currently tentatively set at 2 trillion yuan, which is about 300 billion US dollars. As for whether it will be higher, I think it is possible. After all, it is an anomaly.

It has a total number of global customers of nearly 1 billion. It is an absolute monopoly in the Chinese market. Its development is favored by all parties. The National Social Security Fund is its shareholder, so you can imagine its development potential.

The third level of companies is about US$200 billion, which are: Toyota Motor: US$230 billion, Ping An of China: US$220 billion, Kweichow Moutai: US$210 billion, Industrial and Commercial Bank of China: US$210 billion, there is not much difference in the market value of these four companies, they are basically the same

Toyota's global sales are huge. In 2019, Toyota sold 9.6 million vehicles, accounting for about 10.5% of the world's 90 million vehicles. It ranks first in sales, but it lacks innovation and the competition in the automobile industry is fierce. Toyota's high-end cars cannot compete with BMW.

, Mercedes-Benz, Audi, and new energy vehicles cannot compete with BYD, Tesla, NIO and other companies, so they are not favored by the capital market.

Even if the sales volume is high, the market value is still 200 billion, which is an ordinary level for the world's top large companies.

Ping An of China is the world's largest insurance company, Moutai Group is the world's largest liquor company, and ICBC is, needless to say, the world's largest and most profitable bank. Netizens jokingly call it Universe Bank. The market value of these three companies is US$200 billion, which is reasonable except for ICBC.

, the only one who is dissatisfied is ICBC, with a turnover of 177 billion US dollars and a profit of about 44 billion US dollars. From any direction, it is a giant-level existence. Compared with the global companies with relatively high market value, Apple, Saudi Aramco, Microsoft, Google, and Facebook.

Etc., no matter the turnover or profit, it is not lagging behind. I don’t understand that other companies are more than one trillion US dollars, but ICBC is only a fraction of them.