The number of Chinese companies on the latest Fortune 500 list has risen to 95, keeping China in second place after the United States and maintaining its 10th consecutive year of rising rankings.

Domestic companies generated 5.2 trillion yuan ($851.8 billion) in combined revenue last year, about 17 percent of the total among Fortune 500 companies.

US magazine Fortune predicts the number of Chinese companies on the list will surpass 100 next year.