Forbes 2014 Fab 50: Asia's Tech Takes Over The World! - Scouting for the world’s next growth engine? The 2014 annual honor roll of the Fabulous 50
brings you the best of Asia-Pacific’s biggest publicly traded companies.
China boasts the most companies, as it has for the last three years. Tech companies dominate China’s lineup, with Tencent the most valuable, having a market cap of $155.6 billion, nearly twice that of runner-up Tata Consultancy Services . Lenovo is the biggest in terms of annual revenue–$38.7 billion, just edging out India’s Tata Motors .
But as China is experiencing slowing economic growth, the total number falls to 16, down from 20 last year and 23 the year before that. The country’s real estate slump knocked off all of the property developers that would make the list regularly.
Full List: 2014 Asia’s Fab 50 Companies
India trails China with 12 companies on the list, the same number as last year.
HDFC Bank , the country’s second-largest private sector bank, has made the list eight times, more than any other company since we started compiling this roster in 2005. Tata Consultancy, another long-time Fab 50 star, makes the Fab 50 for the seventh time and sixth straight time overall. Tech Mahindra, the country’s fifth-largest IT player, debuts on the list after net profits soared 112% to touch $500 million.
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