Net profit growth rate is polarized! A review of the latest annual reports of the top ten internet companies

CryptocurrencySniper · 2026-03-27T10:22:39+00:00

The 2025 financial reports of China's top ten internet companies show that JD.com and Alibaba's revenues have exceeded 1 trillion yuan, with Tencent leading in net profit. In terms of growth rate, Ctrip experienced the fastest growth, while Meituan saw a significant decline. Regarding market capitalization, Tencent and Alibaba are in the first tier, Pinduoduo and Xiaomi are in the second tier, and other companies are in the third tier.

CryptocurrencySniper

2026-03-27 10:22:39

Abstract generation in progress

On March 26, Meituan released its 2025 annual report, and the financial data for China’s top ten internet companies for 2025 has all been unveiled.

According to the data, in 2025, two companies surpassed a trillion yuan in annual revenue: JD.com with 1,309.1 billion yuan and Alibaba with 1,016.7 billion yuan, followed closely by Tencent, with annual revenue of 751.8 billion yuan.

In terms of net profit attributable to shareholders, all companies except Meituan reported positive figures, with Tencent leading sharply at 224.8 billion yuan, while Pinduoduo and Alibaba ranked second and third with 99.4 billion yuan and 90.6 billion yuan, respectively.

However, when looking at the growth rate of net profit attributable to shareholders, a stark contrast emerges. Tencent, Xiaomi, NetEase, Trip.com, and Kuaishou showed positive growth rates, with Trip.com achieving the highest growth at 95%; meanwhile, Alibaba, Pinduoduo, Meituan, JD.com, and Baidu had negative growth rates, with Meituan experiencing the largest decline at -165%.

From the current total market capitalization, the top ten internet companies can be divided into three tiers. Tencent and Alibaba are in the first tier, with a market capitalization exceeding 2 trillion yuan, with Tencent being around 4 trillion yuan; Pinduoduo and Xiaomi are in the second tier, with market capitalizations close to 1 trillion yuan; the rest are in the third tier, with market capitalizations below 500 billion yuan.

(Source: Dongfang Caifu Research Center)

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