Technology Fast 500™ Asia Pacific (APAC)
2017 Winners and Results
Combining technological innovation, entrepreneurship and rapid growth, Technology Fast 500 companies — large, small, public, and private — span a variety of industry sectors, and are transforming the way business is done today.
Douyu, is a Chinese live streaming platform backed by internet giant Tencent Holdings Ltd. Douyu develops and operates Douyutv.com, a live game streaming video platform. Business activities involve research and development of computing and networking technologies, electronics, communications and automatic control technologies. According to app tracker Analysys Qianfan, Douyu, gained the top spot among Chinese live streaming apps by September 2017.
As an online platform, Hireup is built to revolutionize the way people with disability find, hire and manage support workers by harnessing technology and connecting people with shared interests. Hireup takes care of all the administrative duties like payroll, invoicing, super, tax and reporting.
Companies like Hireup are expanding the way we work with people with disability.
Sydney Morning Herald
Fengei Network offers independent game research and development, game platform operations and game engine research and development, encompassing mobile games, web games, client games, H5 games and game operating platforms. Its premium web and mobile games including "Card Five Tiger," "Tuolong Paoshu," "Three Kingdoms Tower Defense," "Thunderbolt," "Happy Sword Fairy," and "Spring and Autumn" have been well received by both the industry and gamers alike.
The Technology Fast 500 Asia Pacific Top Ten
For the full ranking list please download the ranking pdf.
|Company Name||Location||Industry Category||Growth Percentage|
|1||Wuhan Douyu Network Technology Co Ltd
|2||Hireup Pty Ltd||Australia||Software||7713%|
|3||Guangzhou Fengei Network Technology Co Ltd
|4||Qingdao Yeelight Information Technology Co Ltd
|5||WeLab Holdings Ltd||China||Software||7130%|
|6||Beijing Duiawang Education & Technology Co Ltd
|8||Zero Latency Pty Ltd
|9||Egis Technology Inc
|10||Connexion Media Ltd||Australia||Software||3278%|
2017 Technology Fast 500 Asia Pacific press release
- Chinese live streaming platform Wuhan Douyu Network Technology Co Ltd takes the top spot
- Three of top ten spots taken by companies providing mobile entertainment, as live-streaming and mobile gaming continues to grow in the region
- Average revenue growth of the 500 companies continues to increase year-on-year, up 27 percentage points from 2016, to 600 percent
- China claims five companies in the top 10 and 119 out of the top 500
Awardees are selected for the Technology Fast 500 ranking based on percentage fiscal year revenue growth over three years.
Awardees are selected for the Technology Fast 500 ranking based on percentage fiscal year revenue growth over three years. Of the companies ranked, China continues to dominate in the region, claiming five companies in the top 10 and 119 in the top 500.
As has been the trend for the past five years, software continues to dominate sector growth. Up from 199 companies last year, the 2017 rankings include 212 software companies in the top 500, accounting for 42 percent of the companies ranked.
Hardware was the second most prevalent sector in this year's rankings, accounting for 18 percent of the Technology Fast 500. Despite this, only one hardware company made it into the top ten winners, Zero Latency Pty Ltd, an Australian online multi-player virtual reality game.
Revenue Growth Trends
The top 500 companies in 2017 averaged revenue growth of 600 percent, an increase of 27 percentage points from 2016, which saw average revenue growth of 573 percent.
The top ten companies in the ranking achieved average revenue growth of 11,995 percent. Both the top 500 and top 10 revenue growth figures are the highest recorded since 2008.