Online retailer JD.Com ranked highest among tech firms at 17th in the latest edition of Fortune’s top 500 Chinese companies released on Wednesday.

Alibaba Group came in at 24th and Tencent at 33rd.

Baidu was way off the pace in 92nd.

The list compares financial performance of listed companies in the country.

Why it matters: The ranking demonstrates how far JD.Com has come and how Baidu has failed to keep up with its peers.

Baidu was one of three leading companies in China’s dot-com era along with Alibaba and Tencent, known collectively as BAT.

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