The 2020 Fortune Global 500 list was released, with Walmart becoming the world’s largest company for the seventh year in a row, Sinopec remaining in second place, State Grid moving up to third, PetroChina in fourth, and Shell dropping to fifth place. seven Internet companies made the list, including Amazon, Alphabet Inc. and Facebook Inc. from the U.S., as well as China’s Jingdong Group, Alibaba Group, Tencent Holdings Ltd. and Xiaomi Group. The most striking change in this year’s rankings is the number of companies in Mainland China + Hong Kong, which reaches 124, surpassing the US (121) for the first time in history.
