chinadaily.com.cn | Updated: 2017-09-25 07:35
Alibaba grabbed the first spot with $399 billion in market value on the 13th annual Fab 50 list of the best-performing publicly traded companies in Asia, Forbes Asia reported.
This year 26 out of 50 companies are headquartered on the Chinese mainland, six more than the previous year, according to China Daily reporter’s calculation based on statistics from Forbes’ website.
The strong rise of star companies headquartered in the mainland is closely related to the vitality of the Chinese economy. Eleven Chinese companies are new to the Fab 50, reflecting China’s deep pool of entrepreneurial talent, the report said.
Let’s take a look at the top 10 best-performing companies by market value in Asia.
No 10 Country Garden Holdings
Country: Hong Kong, China
Market value: $25.2 billion
Sales: $23.1 billion
Industry: Construction
No 9 SF Holding
Country: China
Market value: $31.5 billion
Sales: $8.6 billion
Industry: Business Services & Supplies
No 8 Cheung Kong Property Holdings
Country: Hong Kong, China
Market value: $31.9 billion
Sales: $9 billion
Industry: Construction
No 7 NetEase
Country: China
Market value: $36.2 billion
Sales: $5.7 billion
Industry: IT Software & Services
No 6 Midea Group
Country: China
Market value: $38.6 billion
Sales: $23.9 billion
Industry: Consumer Durables
No 5 SK Hynix
Country: South Korea
Market value: $40.3 billion
Sales: $14.8 billion
Industry: Semiconductors
No 4 Baidu
Country: China
Market value: $61.8 billion
Sales: $10.6 billion
Industry: IT Software & Services
No 3 HDFC Bank
Country: India
Market value: $70.6 billion
Sales: $12.8 billion
Industry: Banking
No 2 Tencent Holdings
Country: China
Market value: $387 billion
Sales: $22.9 billion
Industry: IT Software & Services
No 1 Alibaba
Country: China
Market value: $399 billion
Sales: $23.5 billion
Industry: Retailing
