Five Chinese companies have made their way onto Fortune’s list of the 100 fastest-growing firms in the world, with two among the top 10 thanks to China’s Internet boom, the magazine said yesterday.
Sohu.com (搜狐網), a popular Chinese Internet portal, ranked third on the list and China’s biggest online-gaming company Shanda (盛大) took the seventh spot, the magazine said in a statement.
The list — to be included in the Aug. 31 issue — used to only track US companies and for the first time refers to businesses around the world, Fortune said.
“Since the Great Depression, some companies just keep growing. And not only in the United States,” it said.
Bill Powell, Fortune’s Shanghai-based editor, said a lot of US firms took a hit from the global crisis with the financial services industry and its suppliers being “the biggest casualties,” while that was “less true” in China.
Companies were ranked based on their revenue, profit growth and total return in the past three years.
Canada’s Research in Motion, producer of the popular Blackberry smartphone, landed in the first spot with a three-year average earnings-per-share growth of 84 percent, revenue growth of 77 percent and total return of 45 percent.
The other three Chinese firms on the list are online ticket and hotel reservation agency Ctrip.com International (攜程網), at 38, telecom software solution provider AsiaInfo Holdings (亞信科技) at 40 and China Medical Technologies (中國醫療) in 73rd place.
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