Among the top ten Chinese companies by revenue,70% of domain names are in urgent need of upgrades!

The China Enterprise Federation and the China Entrepreneurs Association have released the "Top 500 Chinese Enterprises" list. China Petrochemical Corporation (Sinopec Group), State Grid Corporation of China, and China National Petroleum Corporation (CNPC) claimed the top three spots.

In terms of scale, the Top 500 Chinese Enterprises continued to see growth in their operating income, achieving a total operating income of CNY 86.02 trillion, representing an 8.75% increase compared to the previous year. These top companies have managed to maintain their leading positions in revenue despite the fierce and competitive market landscape, with domain names playing a significant role. Today, let's take a look at the domain names used by the top ten ranked companies.

1. China Petrochemical Corporation (Sinopec Group)

Sinopec Group was formed through restructuring in 1998 and is a state-owned and state-controlled company. It went public on the Hong Kong, New York, and London Stock Exchanges in 2000. Currently, it has a market capitalization of CNY 472.178 billion and USD 49.094 billion. Its official website domain is sinopecgroup.com, which is a combination of words signifying "China Petrochemical Group." While it may appear lengthy, it aligns well with the brand.

2. State Grid Corporation of China

Established in 2002, State Grid Corporation of China is a major state-owned enterprise. Its official website domain is sgcc.cn, and it has protected several brand-related domains, including sgcc.com.cn and the hotline number 95598.cn. However, sgcc.com is not under their ownership, and it has not been developed as a website, leaving uncertainty about future acquisition plans.

3. China National Petroleum Corporation (CNPC)

Founded in 1999, CNPC is a state-owned enterprise and one of the largest revenue-generating companies in China and one of the world's largest oil companies. Its official website domain is cnpc.com.cn, but it does not own the .com/.cn domains with the same name. It went public on the New York Stock Exchange and the Hong Kong Stock Exchange in 2000 and was listed on the Shanghai Stock Exchange in 2007. Currently, it has a market capitalization of CNY 7.50386 trillion.

4. China State Construction Engineering Corporation (CSCEC)

China State Construction Engineering Corporation was established in 2007 and went public on the Shanghai Stock Exchange in 2009. It currently has a market capitalization of CNY 213.183 billion. Its official website domain is cscec.com, and it has protected brand-related domains such as cscec.cn/.com.cn, cscbuy.com.cn, cscaigou.cn, and csceconline.cn.

5. Industrial and Commercial Bank of China (ICBC)

ICBC was established in 1984 and is one of the largest state-owned commercial banks under central management. In 2006, it successfully listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Currently, it has a market capitalization of CNY 17.6 trillion. Its official website domain is icbc.com.cn, and it has also protected numerous brand-related domains: icbc.net.cn, "Industrial and Commercial Bank" gsyh.cn/.com.cn, hotline number 95588.cn/.com.cn/.net, and "ICBC" gonghang.com.cn, among others.

6. Ping An Insurance (Group) Company of China, Ltd. (Ping An)

Ping An, established in 1988, is China's first joint-stock insurance company. It is listed on both the Hong Kong and Shanghai Stock Exchanges and currently has a market capitalization of CNY 14.1 trillion. Ping An owns as many as 300 domains, with its official website domain being pingan.com. It has protected pingan.cn/.com.cn, and it acquired the three-letter domain LU.com for its investment and financial platform, Lufax, for over one million yuan. In 2014, it purchased the three-letter domain yqb.com for its payment tool, Yiqianbao, for another million yuan.

7. China Construction Bank (CCB)

CCB, established in 1954, is one of the largest state-owned commercial banks under central management. It listed on the Shanghai Stock Exchange in 2007, and it currently has a market capitalization of CNY 15.4 trillion. Its official website domain is ccb.com, which stands for "China Construction Bank." It has also protected ccb.cn/.com.cn and other brand-related domains.

8. Agricultural Bank of China (ABC)

ABC is a state-owned commercial bank and one of the four major state-owned commercial banks in China. It is the third-largest bank in terms of assets in mainland China. It listed on the Shanghai and Hong Kong Stock Exchanges in 2010 and currently has a market capitalization of CNY 11.1 trillion. Its official website domain is abchina.com, but the .com/.cn domains with the same name are

not owned.

9. Bank of China (BOC)

Bank of China, founded in 1912, is one of the largest state-owned commercial banks under central management. It listed on the Hong Kong and Shanghai Stock Exchanges in 2006 and currently has a market capitalization of CNY 9.44985 trillion. Its official website domain is boc.cn, short for "BANK OF CHINA." It has protected boc.com.cn/.net.cn and nearly 60 other brand-related domains, including the hotline number 95566.cn/.com.cn/.net and the full name "China Bank of China" bankofchina.cn/.com.cn.

10. China Life Insurance (Group) Company (China Life)

China Life is a state-owned financial and insurance giant, and it is a central financial enterprise. In 2003, it went public in New York and Hong Kong, creating the largest global IPO that year. It returned to the A-share market in China in 2007, becoming the first "triple-listed" financial and insurance enterprise, listed in three different regions. Currently, it has a market capitalization of CNY 12.9 trillion. Its official website domain is e-chinalife.com, and it has protected e-chinalife.cn/.com.cn, as well as stock-related domains like 2628.cn/.com.cn, among others.

From this list of the top ten Chinese enterprises, it's clear that these companies use domain names that are related to their brands. Many of these companies also opt for shorter domain names for their official websites, such as China Ping An's pingan.com and China Construction Bank's ccb.com. Short domain names have advantages like ease of memorization and better searchability, leaving a lasting impression on users.

Furthermore, some of these companies have room for improvement in their domain strategies. In the internet age, the importance of domain names is increasingly evident. A concise and representative domain name is not only easy to remember but also facilitates brand promotion. Lengthy and complex domain names can hinder memorization and limit the spread of brand influence.

As companies continue to grow and expand, having the right domain names is crucial. High-quality domain names will be the top choice for implementing domain strategies and building domain name portfolios. So, does your company have the right domain names in place?