APAC Winners Results and Fast Facts

Winner

China Communications Media Group Co. Ltd., one of China’s largest mobile software platforms, develops and markets software for smartphones. The company focuses on applications for mobile phones which provide channel-extension services. In 2007, CCMG began to introduce value-added services, and in 2009 launched Symbian/Windows Mobile/Linux platforms and numerous cross-platform products, including MTK, Spreadtrum and Mstar. Today, CCMG serves more than 100 million mobile phone subscribers.

Runner up

Ranked number two, Ardom Telecom is focused on providing reliable operations and maintenance services for both active and passive components of cellular networks. The company focuses on addressing areas that raise costs and increase operating inefficiencies for telcos, resulting in Ardom becoming the partner of choice for leading telecom companies in India.

Third Place

Ranked third, Locondo Inc operates an e-commerce shoes and bag fashion shopping site. Since the service's launch in Feb 2001, Locondo has acquired more than 400,000 members and has partnered with more than 1,000 brands providing customers with free shipping, free returns, free concierge and a quick delivery service shopping website for fashion items, particularly shoes. Recently, Locondo expanded its range to include bags, apparel products, watches and accessories.

2013 Technology Fast 500 Press Release and Top Five ranked companies at a glance

2013 Technology Fast 500 Winners Report and key ranking statistics and trends

• The top five fastest-growing companies exceeded even last year's 10,338 percent growth with over 10,589 percent. Average top 500 growth, however, declined somewhat to 355.74 percent vs. 2012 growth figure of 467 percent
• With 128 companies ranked in the top 500, China emerged this year as the market with the most fast-growing companies in Asia Pacific. China’s ranking has improved year after year, rising from #2 behind Taiwan in 2012 and #3 in 2011 behind Taiwan and South Korea
• Leading the list with 161 companies, the software sector saw a notable increase from the 119 companies it claimed in the top 500 in 2012. The semiconductor, components and electronics sector saw a reduction to 116 companies in the top 500, forfeiting its top rank from 2012. 

Winner

This year's fastest-growing tech company, ProCrystal Technology Co. Ltd., comes from a mature industry sector — Semiconductors, Components, and Electronics — and a historic centre of Asia's post-war tech revolution — Taiwan. The company was founded in 2008 and grew at 10,028 percent over the last three years. ProCrystal specializes in manufacturing high-quality sapphire wafers. Most of the business applications for sapphire wafers are in the illumination area, where the products are used in automotive applications, general lighting, signage, and screens, as well as in backlighting for notebooks, mobile phone screens, TVs and monitors, and tablets. They are also used in camera lenses and cover glasses for watches and mobile phones, and even in their traditional application of jewellery.

Runner up

Ranked number two, Vipshop is the leading online discount retailer for brands in China. The company successfully listed on the New York Stock Exchange on March 23, 2012, becoming the first e-commerce company from South China listed on the NYSE. Vipshop offers new sales events daily, with a curated selection of apparel, fashion goods, cosmetics, home goods, and lifestyle products from popular domestic and international brands, at discounted prices in limited quantities for limited time periods

Third place

Ranked third, Gamewave Group (PRC) is China's largest internet game provider, and is also a leader in the Chinese online game industry and a professional provider of interactive entertainment services. Since its establishment, Gamewave (abbreviated from Gamewave Interactive Technology Co., Ltd.) has followed the vision of "engaging in the most professional web game development and operations, pursuing continuous innovation, providing the most efficient customer service". Inspired by its core values of "belief, diligence, innovation, and achievement", Gamewave is growing steadily since its creation.

2012 Technology Fast 500 Press Release and Top Five ranked companies at a glance

2012 Technology Fast 500 Winners Report and key ranking statistics and trends

The top five companies combined three-year revenue growth figures for 2012 came in at 6,837 percent, down on 2011's 9,910 percent, and below 2009's figure of 8,980 percent. Encouragingly though, the entire field of 500 high-growth companies delivered growth of 467 percent in 2012, a small drop from 2011's 476 percent, and consolidating the recovery from 2010's 374 percent and 2009's 361 percent.

Winner

This year’s fastest growing company is The store Corporation (Yihaodian) from China. The Store Corporation is a fast-growing eCommerce company in China that provides customers with a one-stop shopping platform where customers can buy all their essential daily items at competitive prices. Since its launch, Yihaodian has achieved a significant position in online grocery sales. The company was founded in 2005, and has grown an incredible 19,218 percent over the last three years.

Runner up

Silicon Mitus is a (fabrication-less) semiconductor device manufacturer in South Korea. Silicon Mitus sells power management chips for displays, LCD TVs, LED TVs and related products, and is now looking at expanding into mobile telecommunications. As well as Korea, the company has set up channels in China, Japan and Taiwan. It has a small design center in Silicon Valley and is planning to set up a similar facility in China. The company’s key strength is its ability to devise products faster than its competitors.

Third place

Tendyron Corporation was founded in 2004 and is dedicated to providing information security solutions in the areas of USB tokens, smart cards and mobile payment. Headquartered in Beijing with its own R&D, manufacturing and sales facilities, it has eight regional offices across China. In its early stages, Tendyron proposed the concept of human interface peripheral (HIP) USB tokens, which laid the foundation for 2nd-generation USB tokens—now widely recognized as the future of e-banking security and applied on a large scale by nearly every major bank in China. Tendyron’s customers include the Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Postal Savings Bank of China (PSBC), Shanghai Pudong Development Bank (SPDB), The Bank of East Asia (BEA), Citibank and Standard Chartered Bank (SCB).

2011 Technology Fast 500 Press Release and Top Five ranked companies at a glance.

2011 Technology Fast 500 Winners Report and key ranking statistics and trends

The average revenue over three years across the Top 500 ranked firms increased by 476%, which is more than the 374% increase in 2010 and 361% in 2009. The Top 5 firms realized an average revenue growth of 9,910%, which was just shy of the 10,338% growth last year. Meanwhile, average revenue across the Top 10 firms reached 6,949%, slightly above the 6,300% rise last year.