So we all know how critical IT service and online technologies are to today’s world. But you may not know where some of these companies come from. Top businesses are tech: Guess where two are from?
So let’s get the more obvious out of the way. Maybe it’s not so obvious. But a list of the top 10 most valuable companies in the world came out. Eight of them have something to do with IT support and/or computer technology. The first is Google, which should not surprise anyone. Google held the number one spot for most of the 2010s, and shows no signs of letting it go. In fact, they made $302 billion last year. That’s a 23% increase from the year before. Number 2 is Apple and number 3 is Amazon. This surprises me because since Amazon is taking over everything. Also, what they touch turns to gold. I thought surely Amazon would be second on the list.
However, here is the real surprise (or maybe not). Two of the top 10 are e-commerce companies from China. One is Tencent, coming in at number five. It’s the first year they made the list. They made $179 billion in 2017. That’s a whopping 65% from 2016. Then there is Alibaba. They rank #9 on the list. Not only is Alibaba very popular in it’s native China, but in economic powerhouses like Brazil, Israel, and South Korea. In fact, it’s the top e-commerce site in these nations, topping Amazon and Ebay. We can also credit the entrepreneur spirit of young Chinese people. Plus, many worldwide are ditching US e-commerce sites for these Chinese sites.
Other tech companies rounding out the top 10 are Microsoft (#4), Facebook (#6), and AT&T (#10). The two non tech and e-commerce companies on the top lists are Visa (#7) and McDonald’s (#8). I find it crazy that Walmart and Ebay didn’t make this list. But as you can see, most of the top businesses are tech. What do you make of the list? Who do you think should or shouldn’t make it? Who do you think should be higher on the list?