Smartphone Maker Xiaomi Celebrates Its Global 500 Debut By Awarding Employees $24 Million In Shares

The Fortune Global 500 – our annual list of the world’s biggest companies – witnessed a power shift this year. For the first time ever, entrants from China, including Taiwan, outnumber those from the U.S., advancing ahead with 129 to 121. While that’s big news for China at large, evidently it was great news for […]

How the World’s Biggest Companies Fight to Stay Ahead

Anyone who has turned on the television in the past few years has probably heard of Humira. Ads for this injectable drug, which treats several forms of arthritis, psoriasis, ulcerative colitis, and more, aired 46,526 times from Jan. 1 through July 15, according to iSpot.tv, which tracks national ad campaigns. Humira’s maker, the pharmaceutical company AbbVie (No. 381 […]

Boxed In at the Docks: How a Lifeline From China Changed Greece

When Chinese shipping giant Cosco snapped up the historic port of Piraeus, it threw Greece an economic lifeline. Now the port’s success is reshaping the Greek political landscape—and generating choppy waters for China in Europe. On a steamy night earlier this summer, about a thousand people poured into a public square in Athens to cheer […]

It’s China’s World

China has now reached parity with the U.S. on the 2019 Fortune Global 500—a signifier of the profound rivalries reshaping business today. As the Chinese Century nears its third decade, Fortune’s Global 500 shows how profoundly the world’s balance of power is shifting. American companies account for 121 of the world’s largest corporations by revenue. Chinese […]

Protect at All Costs: How the Maker of the World’s Bestselling Drug Keeps Prices Sky-High

Humira has turned AbbVie into a global pharma giant—and the company has aggressively blocked competition to protect its sales. How a blockbuster medication became a case study in what’s killing drug innovation. You may not have any of the conditions Humira treats. But chances are, you’ve heard of it. AbbVie’s flagship therapy, a medicine used to treat a slew of […]