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CEO Daily: Wednesday, July 22

Later this morning, we publish the Fortune Global 500 – the world’s largest companies ranked by revenue. A few interesting takeaways for your morning reading:

 

-While a U.S. company – Walmart – still tops the list, for the first time a Chinese company – Industrial & Commercial Bank of China – had the highest profits. There were a total of 98 Chinese companies on the list – up from only 19 ten years ago.

 

Global 500 revenues totaled $31.2 trillion last year – triple the levels of two decades ago, when we started the list. And the companies employed 65.2 million people, up from 34.5 million two decades ago. Global 500 revenues as a share of the total world economy remain roughly unchanged at 40% compared to 37% two decades ago.

 

-Japan’s presence continues to shrink on the Global 500, with only 54 companies. In 1995, Japan had 149 companies on the list.

 

-The U.S. had 128 companies on the list this year, down from a peak of 197 companies in 2002.

 

-Banks (55), petroleum refiners (38) and automakers/parts suppliers (34) are the three industries with the most companies on the list.

 

You can see the full list online after 8:30 a.m.

 

And a correction from yesterday: I said that in Jack Ma’s world, “having a digital marketplace and a digital payment system in the same company still makes some sense.” In fact, Ma separated Alipay from Alibaba Group in 2011, but he still controls both.

 

Enjoy the day.

 

Alan Murray
@alansmurray
alan.murray@fortune.com

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