Leading internet companies in China 2022, by online ad revenue

*Alibaba reports its annual results in March each year. The ad revenue here was shown as client management revenue from March 2022 to March 2023. Since September 2020, Alibaba has included the commission revenue as a part of its client management revenue.

**The ad revenue of iQIYI was excluded in Baidu's figure;
For Pinduoduo, the figure referred to the online ad and other revenues.
For JD.com, the figure included commission and marketing service revenue whereas advertising accounted for a major part;
For VIP.com, the figure was taken out from the other revenue segment which included product promotion, online ads, rental and third party logistics revenue, and fees charged from third party merchants.



One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of May 2023).

Only companies which have included advertising and marketing as a part of the main business development and have disclosed the relevant revenue clearly in the financial reports are listed in this ranking.