On June 25, "Fortune" magazine released the 2026 "China's Top 50 Technology" list, with Huawei, ByteDance, CATL, Tencent, and DeepSeek ranking among the top five. The list aims to find technology companies that were "born in China and are influencing the world", and points out that Chinese technology companies are moving from application-level innovation to the upstream of the industrial chain, increasing investment in research and development in areas such as chips, algorithms, core materials, and infrastructure.
The selected companies show the dominant characteristics of hard-core technology: Huawei will invest 192.3 billion yuan in R&D in 2025 (accounting for 21.8% of revenue), with a total of more than 1.38 trillion yuan in the past ten years; ByteDance plans to spend about 70 billion US dollars on AI infrastructure construction this year, and Doubao has more than 200 million daily active users; DeepSeek recently completed about 51 billion yuan in Series A financing, with a valuation approaching 400 billion yuan; Tencent's new Hunyuan model topped the list of OpenRouter consumption in the first week of its launch.
Other selected candidates include BYD, Lenovo, vivo, Yushu Technology (the world's largest humanoid robot shipments), Kimi (ARR exceeded US$200 million), Weilai, Li Auto, Xpeng Motors, etc. The companies on the list cover key tracks such as AI, semiconductors, new energy, biomedicine, commercial aerospace, and embodied intelligence. The 50 selected companies collectively show the commonality of "technology reverence and long-termism." The editorial board of Fortune stated that the list aims to "calibrate the public's understanding of technology and calibrate the competitive coordinates of the industry."