BMW is the best employer in China, according to a survey of 24.3 million respondents undertaken by the country’s largest recruitment platform Zhaopin and Peking University, while the rest of the Top 10 is dominated by local companies. BMW was the sole foreign company to make it to the top 10 list. The survey canvassed employees, graduates, academics and human resources experts, asking them to vote for their best employers based on corporate culture, image, salaries, benefits and management. “The dominance of Chinese employers on the top 10 list reflects the rise of domestic companies,” Zhaopin’s Chief Executive Evan Guo said in Hangzhou.

But he said he hoped that the list could show a more balanced mix in the future, indicating that foreign companies are not just in China for the money, but are committed to strengthening best practice in the market. Local Chinese companies are becoming more attractive to work for, as a growing economy and a vibrant environment for start-ups helped reverse the rush to join foreign firms and multinational corporations. In a survey last year, four non-Chinese companies made the top 10 list: BMW, IBM, Mercedes-Benz and Starbucks. Many Chinese companies in the new economy have also borrowed the workplace culture and perks from Silicon Valley, changing their previous staid image.

Tencent Holdings, Asia’s most valuable company and operator of China’s largest social media network, is the second best employer of 2017, while China Merchants Bank took third spot. The rest of the list was filled up by China Vanke, NetEase, PICC Property and Casualty, Baidu, SF Express, FAW Group and BAIC Motor.