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Alibaba’s Zhang Yong Tops 2020 Forbes China Best CEOs List

By Ding Yi / Aug 12, 2020 07:45 PM / Business & Tech

Photo: VCG

Photo: VCG

Zhang Yong, chairman and chief executive officer of Alibaba, has topped the 2020 ranking of China’s best 50 CEOs published by Forbes China.

Tencent’s Pony Ma and Ping An’s Ma Mingzhe were listed second and third respectively.

The ranking list uses a set of criteria to assess each CEO including his or her company’s stock price performance, market value, net profit, profit growth rate, return on assets and return on equity for domestically listed as well as Hong Kong- and overseas-traded shares between 2017 and 2019. CEOs making the cut are required to hold the position for three consecutive years through 2019.

The listed CEOs, four of whom are women, have an average age of 54, with their companies achieving an average market value of 365.4 billion yuan ($52.6 billion).

20% of the CEOs making it onto the list came from the pharmaceuticals and medical equipment industries, while the number of listed CEOs from semiconductor manufacturing reached a record high of five in keeping with the country’s aims for self-sufficiency in chip production.

In terms of company locations, Shenzhen surpassed Beijing and Shanghai as home to 10 companies managed by the country’s very best CEOs.

Contact reporter Ding Yi (dingyi@caixin.com)

Related: China Mainland Leads U.S. in Fortune Global 500 Companies But Trails in Profitability

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