Chongqing – The newly released 2025 lists of Chongqing’s Top 100 Private Enterprises and Top 100 Private Manufacturing Enterprises highlight the city's strong private economy, with leaders like Seres Group, Longfor Group, and Bosai Minerals at the top.

According to the rankings, the entry threshold for the Top 100 private enterprises reached RMB 2.59 billion, up RMB 229 million from last year. The top 100's combined operating revenue hit RMB 1.24 trillion, and total assets reached RMB 2.03 trillion—both registering growth.

This rise in the entry threshold represents more than just a numerical change; it reflects the overall strengthening of corporate power in Chongqing and the deepening trend of high-quality development in the competitive business landscape.

Shashidi (Chongqing) Technology Co., Ltd. exemplifies Chongqing's private sector growth, with its digital logistics platform surpassing 100 billion RMB in transaction volume in 2024, ranking fourth nationally in its industry.

One of its standout products is the Hazardous Goods Assistant app, a logistics management and trading platform designed specifically for hazardous chemicals. The app tackles the core challenges of hazardous goods transportation by offering an information-driven, data-based, process-oriented, and standardized solution for the industry.

Through the app, the company provides comprehensive services, including vehicle, goods, and company searches, which improve the efficiency of hazardous chemical transportation and foster high-quality industry development. The company operates on a free commercial model. By solving these long-standing issues, Shashidi has successfully built a loyal and growing user base.

As the entry threshold continues to rise, Chongqing's private sector is undergoing a significant industrial shift, with advanced manufacturing emerging as a key driver in transforming the city's economic landscape. This shift highlights the increasing significance of manufacturing in the city's private economy, which is further accelerated by the rise of intelligent electric vehicles.

The assembly workshop of Seres' super factory, where robots are at work. (Photo/Wang Jiaxi)

Seres, whose super factory in Chongqing integrates over 300 AI-powered inspection points on its production line, is a great example of this transformation. These intelligent systems automatically monitor key processes, such as the positioning and status of hundreds of bolts, ensuring an accuracy rate of 99.9%.

The factory has also implemented a smart logistics system where unmanned electric trucks and fully automated mobile cranes operate in seamless coordination. This technological sophistication is further reflected in Seres' products, including smart dynamic lighting carpets and advanced intelligent driving assistance systems, positioning the company as a leader in the Chinese luxury automobile market.

The rising entry thresholds, combined with a focus on innovation-driven growth, underscore Chongqing's ongoing shift towards high-quality development, positioning its private sector as a leader not only in China but also on the global stage.