5 Most Valuable Asian Companies
5. Pinduoduo Inc (NASDAQ: PDD)
Market cap: $240.34 billion
Revenue: $4.3 billion
Assets: $10.9 billion
Headquarters: Shanghai, China
Ranking fifth on our list of the 15 most valuable Asian companies is the new e-commerce giant, Pinduoduo Inc. The company was founded in 2015 and provides an online shopping platform for consumers, mostly through Tencent’s WeChat app. According to market research advisory firm eMarketer, Pinduoduo is the third-largest e-commerce player in China with a market share of 5.2%, followed by Alibaba and JD.com.
In the third quarter, Pinduoduo announced total revenue of $2.09 billion, an 89% revenue jump from the same quarter in 2019. Shares of PDD rallied 468.01% over the past twelve months.
4. Taiwan Semiconductor (NYSE: TSM)
Market cap: $265.5 billion
Revenue: $37.8 billion
Assets: $77.5 billion
Ranking fourth on our list of the 5 most valuable Asian companies is global chipmaker Taiwan Semiconductor. The company also offers accounting, engineering, and customer services. Taiwan Semiconductor announced its fourth-quarter revenue of $12.68 billion, an increase of 4.4% from the previous quarter.
Shares of TSM rallied 140.41% over the past twelve months. The spike started when chip giant Intel (NASDAQ: INTC) revealed about outsourcing some of its processor supply to the company and continued when Taiwan Semiconductor reported strong fourth-quarter results.
3. Samsung Electronics Co. Ltd.
Market cap: $278.7 billion
Revenue: $197.6 billion
Assets: $304.9 billion
Headquarters: Suwon, South Korea
Samsung Electronics is one of the most valuable Asian companies that engage in manufacturing electronics, appliances, computer peripherals, and smartphones. According to the market research firm Omdia, Samsung electronics beat the global TV market for 15 consecutive years. Samsung Electronics registered 31.8% of the global TV market share by revenue in Q4 2020.
Samsung reported $55.5 billion in revenue for the fourth quarter, increasing profits by 26.4% on a year-on-year basis, led by the display and memory chip sectors. Shares of Samsung rallied 50.45% over the past twelve months.
2. Alibaba Group Holding Ltd. (NYSE: BABA)
Market cap: $717.35 billion
Revenue: $70.6 billion
Assets: $189.4 billion
Ranking second on our list of the most valuable Asian companies is China’s most dominant e-commerce company, Alibaba Group. Alibaba holds 58.2% of all retail e-commerce market share in China. In 2020, Alibaba’s active consumers on the retail marketplace reached 779 million.
Alibaba reported revenue of $33.8 billion in the fourth quarter, an increase of 37% year over year. Shares of BABA rallied 19.93% over the past twelve months.
1. Tencent Holdings (OTC: TCEHY)
Market cap: $909.21 billion
Revenue: $54.6 billion
Assets: $137 billion
Topping our list of the 15 most valuable Asian companies is Tencent Holdings, China’s biggest internet company. Tencent is the largest video games company in the world followed by Sony (NYSE: SNE) and Apple (NASDAQ: AAPL). The company is also in the business of e-commerce, social networking, artificial intelligence, cloud computing, and Internet services.
Tencent raked a revenue of $18.9 billion in the third quarter, recording a 29% increase from the same quarter in 2019. The video game giant also posted a 45% year-over-year revenue from the online games sector. The increase was mainly due to the revenue growth of Tencent’s smartphone games, including domestic titles such as Peacekeeper Elite and Honor of Kings.