The number of Chinese companies in the Fortune 500 global list continues to rise after it hit a record high and surpassed the number of Japanese firms for the first time last year.
Three Chinese enterprises - Sinopec Group, China National Petroleum Corp and State Grid Corp of China - remain in the top 10 of the Fortune 500 list for 2012.
The Fortune 500 list for 2012, released July 9, names 79 Chinese companies, 10 more than in 2011 and the ninth consecutive year the figure has risen, according to Fortune magazine.
Among them, 69 are based in the Chinese mainland, four are from Hong Kong and six from Taiwan.
Three Chinese enterprises - Sinopec Group (5th), China National Petroleum Corp (6th) and State Grid Corp of China (7th) - remain in the top 10.
Netherlands-based Royal Dutch Shell, which ranked No. 2 last year, replaces Wal-Mart Stores to lead the rankings, followed by Exxon Mobil and Wal-Mart.
There are 132 US companies and 68 Japanese enterprises on this year's list. The number of US firms declined from 133 last year and its record high of 197 in 2002. The number of Japanese firms remains 68.
The Fortune Global 500 list tracks annual revenues of the world's biggest companies.
Apple Inc is 55th in the list, compared with 111th in 2011, thanks to booming sales of iPads and iPhones.
Lenovo Group Ltd, China's biggest personal computer maker, ranked 370th in the list, up from 449th the previous year.