On February 25, the list of Hurun China 500 Most Valuable Private Companies 2024 (Hurun China 500) was released by the Hurun Research Institute, showcasing the top non-state-owned enterprises in China based on their corporate value. This year, three Dongguan-based companies have made impressive entries into the list's top 100, reaffirming Dongguan's status as an international manufacturing hub with strong industrial capabilities. These companies, Luxshare Precision, OPPO, and vivo, highlight the city's role as a leader in the global supply chain and innovation.

Ranked 25th on the list with a corporate value of 284 billion RMB, Luxshare Precision is a leading name in the global consumer electronics precision manufacturing sector. 

Known for its expertise in connectors, acoustic components, and wireless charging, Luxshare has expanded its portfolio beyond traditional manufacturing to include high-value areas such as system integration and module assembly. This strategic shift marks the company's transition from traditional manufacturing to "smart manufacturing," further solidifying its key role in the global supply chain.

Two other influential Dongguan-based companies, OPPO and vivo, also made strong appearances on the list, ranked 55th and 69th, respectively. OPPO's corporate value stands at 156 billion RMB, while vivo's is at 140 billion RMB. 

Both companies are giants in the smartphone market, consistently pushing the boundaries of innovation. From continuous advancements in camera technology to breakthroughs in fast-charging and 5G applications, OPPO and vivo have cemented their positions as global leaders in the smartphone industry, constantly redefining user experiences and product design.

Dongguan, known as a manufacturing powerhouse in China, has embraced industrial transformation and upgrade in recent years. By focusing on emerging technologies and leveraging its strong industrial base, the city is actively riding the wave of the new technological revolution and industrial transformation. Its development strategy, known as "8+8+4", focuses on eight core industries, eight strategic emerging industries, and four future industries that are crucial for economic growth. This forward-thinking approach, along with Dongguan’s well-developed industrial chains, prime location, and business-friendly environment, positions the city to accelerate the development of a modern, internationally competitive industrial system.