Tencent leads 1,679 ‘ten baggers’ and India emerges as top incubator, data show.
Ten years after the global financial crisis, Asia is booming. Buoyed by more affluent consumers, companies there have experienced explosive growth. Their next challenge, as local economies mature, will be pitching their products to the rest of the world.
1,679 Asian companies have increased their market capitalizations by more 10 times over the past decade, according to a breakdown of Nikkei data. That is more than half of all “ten baggers” around the world. The figure does not include companies in the Middle East, Central Asia or Japan.
A ten bagger in baseball refers to a player who gets 10 base hits in a game. In finance, the term describes a company whose stock has risen 10 times or more in price. READ MORE
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