More Chinese firms included in Fab 50 list

Updated 2017-09-15 10:00:44 Global Times

A total of 26 Chinese companies were listed in the annual Fab top 50 Asian companies, up from 20 last year, reaching the country's best-ever level, according to a statement on Forbes magazine's website on Wednesday.

Tech giants Alibaba and Tencent are ranked first and second on the list titled "13th annual Fab 50 of the best big publicly traded companies in the Asia-Pacific region," with market values of 9 billion and 7 billion, respectively, according to the statement. The two companies also lead the list in terms of net profits.

Other China-headquartered companies on the list include Baidu, BYD Electronic International, AAC Technologies Holdings, Great Wall Motor and Zhejiang Dahua Technology, said the statement.

The rise of Chinese companies is a result of the country's dynamic economy as well as its deep pool of entrepreneurial talent, the statement noted. In the first half of 2017, China's GDP grew at a robust pace of 6.9 percent, higher than market expectations.

The 50 companies are selected from 1,695 public companies in Asia that have at least .8 billion in annual revenue. Companies that are losing money were excluded from the list.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 20 2018 16:37:25

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 20 2018 16:37:25

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 20 2018 16:37:25

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords