Finbold, Business News: The United States and China host various competing companies with a global reach aiming to assert dominance in multiple sectors. However, U.S. firms appear to be prospering, registering high valuations.
According to data compiled by Finbold, the top ten U.S. publicly traded companies have a cumulative market capitalization of $12.82 trillion as of December 21, 2021. The valuation is at least five times more than China’s top ten counterparts that have a market capitalization of $2.54 trillion.
Tech giant Apple ranks top with a market cap of $2.7 trillion, followed by Microsoft at $2.4 trillion, while Alphabet is third at $1.8 trillion. Amazon ranks fourth at $1.6 trillion, followed by Meta at $905.3 billion.
Other companies with a high valuation in the U.S. include Tesla ($903.7 billion), Nvidia ($690.7 billion), Berkshire Hathaway ($648.6 billion), United Health ($455.6 billion), and JPMorgan Chase ($454.9 billion).
In China, Tencent ranks as the largest firm with a valuation of $529.2 billion, followed by Kweichow Moutai at $401.2 billion, with eCommerce giant Alibaba ranking third at $311.7 billion. ICBC is in the fourth spot with a market cap of $242.2 billion, followed by CATL at $220.7 billion.
Other Chinese companies with a high valuation include CM Bank ($200.2 bank), China Construction ($171.1 billion), Meituan ($166.8 billion), Agricultural Bank of China ($157.4 billion), and Wuliangye Yibin ($140.9 billion).
Read more here: https://finbold.com/10-largest-u-s-companies-by-market-cap-dwarf-chinas-top-ten-by-five-fold/
