Hurun Report Inc., a Chinese research institute, released the list of companies with the largest market capitalization in the "Hurun Global Rich List 2017". Google, or Alphabet Inc., topped the list with a market capitalization of US$585 billion, equivalent to Rp 7,897 trillion (using an exchange rate of Rp 13,500 per US dollar).
Alphabet Inc. is a conglomerate formed by Google. The company oversees several businesses owned by or separate from Google, including Google itself. Headquartered in California, it is led by Google's founders, Larry Page and Sergey Brin. Alphabet's subsidiaries include Google Inc. and Google X.
Microsoft ranked second with a market capitalization of US$500 billion. The top 10 companies are dominated by technology and telecommunications firms. Even Alibaba, a Chinese online shop, made it to seventh place with a market capitalization of US$260 billion.
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