Top 10 Largest Asia Pacific Companies –

Top 10 Largest Asia Pacific Companies

The Asia Pacific (or APAC) region is home to some of the world’s largest and oldest trade routes that gave way to major global businesses. Of the key players in APAC commerce, China has the most publicly-traded companies and companies with the highest market caps and South Korea also has a significant amount of high-performance corporations and conglomerates. However, India, Singapore, Hong Kong, and other Asian countries have also experienced economic booms. Here’s the top ten companies headquartered in the APAC region to watch for.

10. Tencent ($45.5MM annual revenue)

Tencent Holdings Limited is the world’s largest gaming and social media company. With over 54,000 employees and 1 billion customers, the 20-year-old multinational investment conglomerate became the first Asian technology firm to attain market value exceeding $500 billion. Tencent has subsidiaries in technology, digital media, artificial intelligence, entertainment, and other digital products and services. The company is best known for the social platform Weixin/WeChat and web portal QQ, but also owns most of China’s music services.

9. Ayala Corporation ($5.3B annual revenue)

Founded in 1834 under Spanish colonial rule, Makati-based Ayala Corporation is the Philippines’ largest and oldest real estate and financial services conglomerate. Ayala also has telecommunications, electronics manufacturing, power generation, and automotive sectors among others though they are best known for their real estate and hotels segment. With holdings in education and healthcare as well as museums and libraries, Ayala’s long history is often credited as a backbone of the Philippines’ socioeconomic development.

8. Naver ($5.5B annual revenue)

Seongnam-based Naver Corporation is an internet content services firm founded in 1999 best known for the eponymous Korean search engine and the collaboration and communication tool BAND. Naver also served as a pioneer in the early days of the Internet with respect to user-created content with Knowledge iN, a Q&A platform similar to Quora. With over 8,100 employees including subsidiaries, the company is focusing less on product development and more on working with the IT startup space to transform operations into a holistic technology services platform.

7. Unicharm ($6.3B annual revenue)

Founded in Tokyo in 1961, Unicharm is a manufacturer of disposable hygiene products including diapers, toiletries, pet care products, household cleaners, and more. The company has a massive portfolio of hygiene brands including Babylove, Sofy, MamyPoko, and many more. The company is a market leader for baby care and feminie hygiene products throughout Asia, with having the highest market share for diapers in China, Vietnam, Thailand, and Indonesia. Unicharm has operations in 80 countries but is expecting 10% of their global revenues to come from India by 2020 as sales have been rapidly increasing there in recent years.

6. Galaxy Entertainment Group ($7B annual revenue)

Hong Kong-based Galaxy Entertainment Group owns and operates hotels, resorts, and casinos in Macau. Originally founded as K. Wah Construction Materials in 1988, the company uniquely positioned itself to become the only publicly-traded company in Hong Kong to obtain a casino operating license in Macau due to the acquisition of a 97.9% ownership stake in Galaxy Casino SA in 2005. This led to a complete reinvention of the company to a leisure and entertainment business and completely ceasing construction materials operations. Galaxy Entertainment has become a world leader in the resort business with over 20,000 employees and 2 million square feet of resorts in Macau, and the company is committed to local economic growth and making the area a world-class destination.

5. Chow Tai Fook Jewellery ($7.5B annual revenue)

Founded in Guangzhou in 1929 then relocating to Hong Kong in 1961, Chow Tai Fook Jewellery is now one of the largest conglomerates on the Stock Exchange of Hong Kong. Chow Tai Fook has real estate interests which align well with their jewelry operations, with over 1,000 retail shops in mainland China including outlet stores and franchisees. Founder Chow Chi-yuen’s son-in-law invented gold with 99.99% which became the industry standard throughout Hong Kong, but the company is also known for breaking world records for purchasing the most expensive rough diamonds. Keeping with the times, Chow Tai Fook went from acquiring the $71 million Pink Star to investing in blockchain for diamond-grading purposes.

4. Baidu ($14.8B annual revenue)

Baidu is a Beijing-based Internet technology and telecommunications firm serving individuals and enterprises globally. As the second-largest search engine in the world with a 76% market share of China’s search engine market, Baidu became the first Chinese company to join the US-based Partnership on AI technology ethics consortium. Subsequently, aside from search engines Baidu is best known for the Apollo Project that has been fueling innovation in self-driving car artificial intelligence and other autonomous solutions with partners like Microsoft, Nvidia, Honda, and over 100 other major companies. Baidu first operated out of a hotel room near founder Robin Li’s alma mater, Peking University, in 2000 and through a series of patents, product development, and acquisitions, has grown to a multinational technology firm with more than 42,000 employees.

3. Avago Technologies ($20.8B annual revenue)

Now operating as a subsidiary of American semiconductor products Broadcom Limited, Avago technologies is a leading semiconductor supplier, designer, and developer and infrastructure solutions provider in Singapore. Avago was borne of the chip division of Agilent Technologies acquired by Silver Lake Partners in 2005 prior to purchasing German semiconductor Infineon Technologies’ bulk acoustic wave business. A series of acquisitions across the fiber optic and semiconductor spectrums led to a strategic merger with San Jose-based Broadcom, leading to a workforce of 15,000 and catering to clientele with more mainstream needs instead of specialized semiconductor needs, such as chip vendors for data centers.

2. Tata Consultancy Services ($20.9B annual revenue)

The largest Indian company by market cap, Mumbai-based Tata Consultancy Services, or TSC, is one of the most valuable IT services brands in the world. As the world’s largest IT services provider, TSC operates in 46 countries with more than 424,000 employees. The 50-year-old managed services firm began as a division of Tata Sons Limited handling punch cards for Indian banks prior to establishing India’s first software R&D center in 1980, then experienced major growth upon entering the cloud solutions market serving SMEs.

1. Lenovo ($45.3B annual revenue)

Beijing-based technology multinational Lenovo has had a steady global presence for over 30 years and is best known for their consumer products like laptops, tablets, smartphones, servers, and related accessories. With 54,000 employees and operations in over 60 countries, Lenovo is the world’s largest personal computer vendor with its products sold in 160 different countries. Lenovo’s principal facilities are in Beijing and Morrisville, North Carolina to serve Chinese and American customers. The company also has a joint venture with NEC for more efficient operations in the Kanagawa prefecture to sell personal computers to the Japanese market with greater efficacy.

About the Author: Thomas Roberts

I am a freelance writer and have a true passion for sports. I love baseball, basketball, football, soccer, hockey, tennis, horse racing, and golf.