Today we are going to read about the 5 Most Valuable Asian Companies, based on Insider Monkey’s latest article. Asia is the largest and most populous continent in the world and it has become a real power considering to economy. As a matter of fact, nearly every product we use come from Asia, mainly from China. According to Insider Monkey’s investigation, by 2040 Asia is predicted to account for more than half of the global GDP and 40% of global consumption.
And now without a further ado, let’s see what you are here for: the most valuable Asian companies. We have brought three out of the five companies just as a brief foretaste. Pinduoduo Inc stands on the fifth spot with a market cap of $240.34 billion, a total revenue of $4.3 billion and assets of $10.9 billion. Pinduoduo is headquartered in Shanghai, China and was established only in 2015. The company supplies an online shopping platform for consumers, mainly via Tencent’s WeChat app. According to Insider Monkey’s investigation, Pinduoduo is the third-biggest e-commerce company in China having a market share of 5.2%. At the end of September 2020, the company reported 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. Taiwan Semiconductor stands on the third spot with a market cap of $262.5 billion, a total revenue of $37.8 billion and assets of $77.5 billion. Taiwan Semiconductor Manufacturing is headquartered in Taiwan, Taiwan. The company operates in engineering,accounting, and customer services. As of the end of the Q4 2020, the company reported its revenue of $12.68 billion, an increase of 4.4% from the previous quarter. Taiwan Semiconductor Manufacturing is followed by Alibaba Group Holding Ltd. on the second spot with a market cap of $717.35 billion, a total revenue of $70.6 billion and assets of $189.4 billion. Alibaba is headquartered in Hangzhou, China. Alibaba Group is the largest e-commerce company having 58.2% of all retail e-commerce market share in China. As of 2020, around 779 million active consumers purchased from Alibaba. In the end of December 2020, the company reported revenue of $33.8 billion in the fourth quarter, which was 37% more than the previous year. If you are eager to read the entire original article about the most valuable Asian companies , please click.