The Forbes Asia’s Fabulous 50 list of the year 2015 was released on 22 July 2015.
The Fab 50 list is an annual honor roll highlighting some of the brightest stars in the Asia Pacific. The companies from China dominate this year’s list that depicts the region’s best big publicly traded companies.
The list was dominated by 25 Chinese firms, while India claimed the second-highest number of companies in the list with a total of 10 firms. South Korea stood at third place with four companies in the list.
|Rank||Country||Number of Companies|
Four countries Philippines, Thailand, Malaysia and Singapore each have two companies listed in the list and Taiwan, Japan and Indonesia have one each.
The most valuable company on the list is Tencent, with worth of 176.5 billion US dollar and the biggest is Lenovo, which generated 46.3 billion US dollar in revenue in 2014.
The new entrants in the list are Hotel Shilla from South Korea, part of the Samsung empire and NetEase from China launched by William Ding in 1997 in Guangzhou.
The list depicts India’s HDFC Bank as the brightest star. HDFC is the second-largest bank in India’s private sector, after ICICI Bank. The bank now has a market capitalisation of 43 billion US dollar, nearly 32 million customers and a network spanning more than 4000 branches in almost 2500 towns and cities.