Nov 5, 2019

China's growing share of the world's business revenue

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Adapted from ChinaPower using Fortune data; Note: Top 10 countries shown, Italy dropped out in 2017; Chart: Andrew Witherspoon/Axios

Chinese companies are taking an increasingly larger share of the Fortune Global 500, an annual ranking of the world’s top 500 companies by revenue.

What's happening: In 2008, China had just 29 companies on the Global 500 and none in the top 10. This year, the list includes 119 Chinese companies that have a combined revenue of nearly $8 trillion, which represents almost a quarter of the revenue generated by all the companies on the list.

  • China also has three of the top five Global 500 — state oil and gas companies Sinopec and China National Petroleum, and electric utility State Grid.

Yes, but: The U.S. remains on top, with more than 24.2% of the companies on the Global 500 and 28.7% of the total revenue generated by companies on the list. It's also home to the largest company on the list, Walmart.

Go deeper: China's manufacturing is pushing higher while the U.S.'s is sinking

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Hawley bill targets Apple and TikTok ties to China

Josh Hawley. Photo: Chip Somodevilla/Getty Images.

Republican Sen. Josh Hawley, a prominent big tech critic, will introduce legislation Monday meant to protect Americans' online data from flowing to China and other countries that raise national security concerns.

How it works: Hawley's bill takes aim Apple and TikTok by prohibiting American companies from storing user data or encryption keys in China, and preventing Chinese companies from collecting more information on American users than necessary to provide service here.

Go deeperArrowNov 18, 2019

The 2020 corporate hit list

Data: High Lantern Group; Chart: Andrew Witherspoon/Axios

Presidential candidates have called out more than 80 companies across 30 industries on Twitter over the past six months — mostly in a negative context — according to data compiled by High Lantern Group and provided exclusively to Axios.

Why it matters: From Amazon to Lyft, many of these companies are facing populist attacks from candidates including Bernie Sanders and Elizabeth Warren on the left — but also from the right by President Trump, who's lashing out over his own issues.

Go deeperArrowNov 27, 2019

Equity and M&A deals plummet in tough Q3

Adapted from S&P Global; Chart: Axios Visuals

U.S. and global dealmaking slowed significantly in the third quarter, with equity and merger and acquisition announcements "plummeting" year over year and quarter over quarter, according to the latest data from S&P Global Market Intelligence.

By the numbers: The global total value raised from equity deals fell 37.1% quarter over quarter and 29.4% year over year to $91.85 billion.

Go deeperArrowNov 7, 2019