BYD tops Businessweek's 12th Tech 100 rankings

17:03, May 27, 2010      

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Chinese automaker BYD, Apple and Tencent Holdings took first, second and third place, respectively in Bloomberg Businessweek's annual Tech 100 rankings of the world's best-performing tech companies of 2009. For the first time, a Chinese company tops the Tech 100 list since it started 12 years ago.

According to Businessweek's official Web site, Amazon.com, which topped the list in the last three years, dropped three places to fourth, while tech companies in emerging economies such as China and India have outstanding performance on the list. There are eight companies from the Chinese Mainland, such as BYD, Tencent Holdings, Baidu, ZTE and Shanda Interactive and eight companies from Taiwan included on the list.

An executive from Tencent Holdings told reporters that Tencent jumped from seventh last year to third in 2010, becoming the only Chinese Internet company included in the top-20. Internet companies on the Tech 100 list also include Yahoo Japan (19th), Google (22nd), and a Brazilian e-commerce platform B2W (96th).

To compile the list, Bloomberg started with the more than 6,500 actively-traded primary securities in the Bloomberg database in 13 tech sectors. It then set requirements of a minimum market capitalization of 1 billion U.S. dollars, revenue of at least 500 million U.S. dollars, and no more than a 5 percent decline in revenues from 2008 to 2009 (calculated in local currency).

It also excluded companies whose stock had fallen by 50 percent or more in the 12 months ending April 30, 2010. Revenues and operating income of the remaining 210 companies were then normalized so they could be fairly compared and ranked on these metrics as well as total shareholder return and employee growth.

The rankings received for normalized revenue and operating income were weighted 35 percent each, shareholder return at 20 percent and employee growth at 10 percent. After all calculations, the companies with the best summed weighted rankings made the Tech 100 list.

The 12th Tech 100 list is in Bloomberg Businessweek's May 24 to May 30, 2010 issue.

By People's Daily Online

(Editor:祁澍文)

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