According to that institute, the chipmaker Taiwan Semiconductor Manufacturing Company was second and Alibaba, which recorded heavy losses amid strong government supervision, was third.

Hurun revealed that ByteDance, owner of Tik Tok; battery manufacturer CATL; online food delivery platform Meituan and 31 other healthcare and energy companies doubled in value in 2021.

However, the opposite occurred for many companies in the pharmaceutical, real estate and education sectors.

Even, debt-stricken Evergrande, online shopping giant Pinduoduo and electric appliance maker Midea dropped out of the top 10 on Hurun’s list.

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