Companies in China that spend the most on R&D
R&D expense · Fiscal year 2025
1
JD.com
JD
$3.2B
2
Baidu
BIDU
$2.9B
3
NetEase
NTES
$2.5B
4
Li Auto
LI
$1.6B
5
NIO
NIO
$1.5B
6
Universe Pharmaceuticals
UPC
$672M
7
Bilibili
BILI
$505M
8
Ke Holdings
BEKE
$369M
9
Weibo
WB
$324M
10
Sohu.com
SOHU
$248M