Fortune China released a ranking of China's 50 most influential business leaders in 2020 on Monday, with Jack Ma Yun, founder of e-commerce heavyweight Alibaba, Ren Zhengfei, founder of telecom giant Huawei and Wang Chuanfu, chairman of automaker BYD's board of directors, rounding out the top 3.

The value of leaders on the list is not only reflected in their companies' success, but their leadership of their companies through crisis and ability to find a new direction, Fortune China said.

Other Chinese internet magnates on the top 10 list include Pony Ma Huateng,  chairman and CEO of Tencent (4th); Zhang Yiming, founder and global CEO of ByteDance (5th).

Lei Jun, founder, chairman and CEO of smartphone maker Xiaomi technology, took the 9th spot.

In the manufacturing industry, listed tycoons are Terry Guo Taiming, founder of electronics manufacturer Hon Hai group (6th); Cao Dewang, chairman of Fuyao Glass Group (7th); Li Shufu, chairman of automaker Geely Holding Group (8th) and Dong Mingzhu, chairwoman and president of home appliances maker Gree Electric Appliances (10th).