Asia is the home for some. It also is the fastest-growing economic region in the world. The continent has giants like China, Japan, India, and others. These giants are diverse and continuously flourishing. China, on the other hand, is the second biggest superpower in the economy, keeping up with the United States and having the biggest Asian economy. In addition, China has entered the Fortune Global 500 and Forbes Global 200 ratings.
The most swiftly developing companies, including Toyota Motor and Sinopec, can be found in the biggest economies of the continent – China, Japan, India, South Korea, and Indonesia.
Here are some of the top corporations in Asia!
Asia’s Digital Advancement
Company corporation in the digital world is quite booming.
The world has had a digital revolution. Quality of life has become better – but also more costly. It is easier to communicate now with our loved ones due to the advancement of smartphones and various messaging apps.
Alibaba, Tencent, and Baidu play crucial roles in the tech and cloud computing industry in Asia. Moreover, China, Japan, and South Korea take the lead in countries with the highest number of AI patent filings, according to the World Intellectual Property Organization.
India is also holding its own against other Asian countries in the digital revolution. Its AI workforce rose from 40,000 in 2018 to 72,000 in 2019. On the other hand, Pakistan’s young and fast-evolving Asian market has an increasing engagement in deep-tech nurturing. In 2019, it was ranked the fastest-growing country in Asia for digital freelancers.
First up is Sinopec Corp. It is the largest oil and petrochemical products supplier and the second-largest oil and gas producer in China. The goal of Sinopec is to have 1,000 hydrogen-powered refueling stations by 2025, according to SInopec’s statement on its WeChat account. It is also renowned as the largest refining company and the second-largest chemical company in the world. It ranks second place in the world when it comes to its total number of gas stations.
The shares of SHI rallied to 14.59. This was only during the last three (3) months.
NetEase operates as a prominent internet technology company. E-commerce services, advertising, online, and mobile games are under its banner. The majority of NetEase revenue comes from online gaming. However, NetEase has been branching out in different areas, such as music, education, and its latest platform, Cloud Music.
AIA Group is a company that provides life insurance products and services and widely operates in Asian countries such as Thailand, the Philippines, China, Korea, Indonesia, and Taiwan. Employee benefits, credit life, and pension services are also under their roster. Since its inception, AIA Group has continued to serve more than 30 million individual policyholders and more than 16 million group insurance members.
Toyota enjoys great value as one of the largest motor vehicle manufacturers in the world. In the Philippines, it has an 82-hectare Toyota Special Economic Zone (TSEZ) located in Santa Rosa, Laguna, for assembling cars.
Toyota has heavily invested in technology. Due to this, the company has built solid-state batteries. Over the past year, the company hares have risen to 13.35%.
Asian corporations are shaping up to do well in the realm of technology. Among the Asian countries, China is poised to become a major force in business, too. Truly, this is a testament to the business sense, smarts, and capabilities of Asians.
Angelo Castelda works as a contributor for a news magazine in Asia. He loves to learn and understand diverse cultures and aims to share through his writing his experiences around the world.