On September 22, the "2026 China Top 500 Private Enterprises" ranking was released, with Guangdong Province securing 49 spots and ranking fourth nationwide. Among them, nine Guangzhou-based enterprises made the list, and notably, four companies from the Liwan district were recognized.
The Liwan honorees include Vipshop (China) Co., Ltd. (ranked 100th), Guangzhou Liby Kaisen Holding Co., Ltd. (ranked 414th), Dashenlin Pharmaceutical Group Co., Ltd. (ranked 478th), and MINISO (Guangzhou) Co., Ltd. (ranked 493rd). Let us take a closer look at these distinguished enterprises.
About the Recognized Companies
Vipshop (China) Co., Ltd. was established in 2008 and pioneered the innovative e-commerce model of "brand discounts, flash sales, and authenticity assurance" in China. It has since evolved into a model centered on "curated brands, deep discounts, and time-limited promotions," offering online sales of apparel, footwear, bags, beauty products, maternal and baby items, home goods, and other branded merchandise. In 2025, the company achieved net revenues of 105.9 billion yuan, positioning itself as a globally leading flash-sale e-commerce platform. Vipshop has consistently led China's limited-time discount market and has been recognized as a "E-commerce Demonstration Enterprise" and "Digital Commerce Enterprise" by the Ministry of Commerce, in addition to appearing on the "Fortune China 500," "China Enterprise 500," and "China Private Enterprise 500" lists.
Guangzhou Liby Kaisen Holding Co., Ltd. is a representative of China's top 500 private enterprises rooted in Liwan. Its affiliated and related companies include Liby Technology Group, Guangzhou International Medical Harbor, listed entities, Baokai Dorun, Qitai Pharmaceutical, Fukai Industrial, Yileyuan, and Lijiang Tech Innovation, spanning the daily chemical industry, health industry, and comprehensive listed businesses. In recent years, Liby has accelerated its transformation toward intelligent, digital, and green industrial practices, driving high-quality development within the daily chemical sector. The company continues to leverage its strengths in resource optimization across the industry chain, technological and product innovation, and industrial ecosystem development. By utilizing its established industrial internet platform covering the full industry and value chains, Liby provides upstream and downstream partners with cost-reducing, quality-enhancing, and efficiency-boosting intelligent digital services, fostering improved industrial collaboration and strengthening industry cluster effects.
Dashenlin Pharmaceutical Group Co., Ltd., founded in 1999, is a highly influential pharmaceutical retail chain conglomerate in China. As of December 31, 2025, the group reported annual revenue of approximately 29.837 billion yuan (including tax) for 2025. By March 31, 2026, Dashenlin operated 18,044 stores, maintaining a leading position in the national pharmaceutical retail industry. The company has established core competitive advantages in scale, digital intelligence, supply chain management, professional services, proprietary distribution systems, branding, and talent development.
MINISO (Guangzhou) Co., Ltd. is a global new retail enterprise that grew from local roots in the Liwan district, integrating internet e-commerce operations and internet technology services. Guided by its "good-looking, fun, and practical" strategy, the company has created a new lifestyle product category and consistently reinforced its positioning as a "lifestyle brand distinguished by IP design," leading global IP-driven consumer trends. As of March 2026, the MINISO Group has entered 112 countries and regions worldwide, building a retail network of over 8,500 stores across major global city centers, including New York, Los Angeles, Paris, London, Dubai, Sydney, and Singapore.
Congratulations to all the listed companies! We look forward to seeing more enterprises grow and thrive in Liwan, contributing to the region's high-quality development.