Chinese firm makes history in Russian business rankings ...News

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Carmaker Chery became the largest foreign company in Russia by revenue in 2023, according to Forbes Chinese car manufacturer Chery became the largest foreign company in Russia by revenue in 2023, according to Forbes magazine. The publication released on Tuesday its rankings of the 50 largest businesses operating in the sanctioned country that are at least 50% foreign owned. Chery is the first ever Chinese company to claim the top spot in the Forbes ranking. The brand increased its sales in Russia by 300% year-on-year to over 590 billion rubles ($6.65 billion). In 2022, the Chinese carmaker was number ten on the F

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