Top 10 best-performing companies in Asia

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

You may also like...