Reliance Retail Jio on Top 10 Most Valuable Companies in the World ByteDance Ant Group SpaceX Leading The List Details

Reliance Retail and Reliance Jio are among the top 10 most valuable companies in the world with valuations of $63 billion and $58 billion, respectively. A financial technology firm has told in its report that these two companies of Reliance Group have occupied the sixth and seventh position. The report also mentioned the location of other companies, including Chinese company ByteDance, owner of the TikTok app, financial services provider Ant Group and Elon Musk’s SpaceX.

Citing a latest report by Tipalti, Business Today told Reliance Retail and Reliance Jio have joined the sixth and seventh positions respectively among the world’s most valuable companies. At the same time, ByteDance, Ant Group and SpaceX are leading this top 10 list. According to Tipalti, the firm sourced data from Crunchbase and Tracxn to prepare this report.

Tiktok’s parent company ByteDance is valued at $180 billion. The report reveals that its valuation has increased by $40 billion in the last one year. At the same time, Ant Group, founded by Jack Ma, has secured itself the second position this year, dethroning SpaceX from second place. Ant Group’s valuation is $ 150 billion. SpaceX, which is now at number three, has reportedly not changed its valuation and the company still stands at $125 billion.

Explain that the companies whose value is above $ 100 billion are called Hectocorn and these top 10 companies are called the same.

Although only one Indian company has made it to the top 10, but there are some Indian companies that have made it to the list of the world’s most valuable companies. The report states that Edtech (BYJU’S) is ranked 18th in the list. Apart from this, it also includes some other companies including Swiggy, OYO, RazorPay, Ola, CRED, Pharmeasy.