Top 100 companies: Amazon, P&G and Alibaba shine
today Jul 11, 2016
PricewaterhouseCoopers (PwC) has highlighted the growing role of e-commerce players in the latest edition of its top 100 companies by market capitalisation worldwide, with Amazon and Alibaba at the forefront, and now ranked alongside the major luxury/beauty groups.
The ranking is led by Apple and Microsoft, but Amazon has slotted into 9th place, not far from Facebook and ahead of Procter & Gamble (15th) and Alibaba (23rd). Unilever sits in 47th place, followed at a distance by Inditex (64th), Nike (65th) and L’Oréal (67th), while the LVMH group holds on to 86th place.
According to Philippe Kubisa of PwC, "the underlying decrease in the overall stock market capitalisation of the world's top 100 companies bears witness to two macro-economic phenomena which have marked the year 2015: Chinese companies have been significantly weakened by their domestic market's instability, while Europe has failed to kick-start growth again."
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