Asia300 Power Performers: Tech’s Wild Ride (Nikkei Asian Review)
Nikkei Asian Review’s cover story this week features the fourth annual Asia300 Power Performers ranking. South Korean semiconductor manufacturer SK Hynix topped the list, reflecting the global tech boom, which came to an end last year.
Coming in at Nos. 9, 10 and 11 were Chinese tech giants Tencent Holdings, Alibaba Group Holding and Baidu, respectively. Although our ranking covers only listed companies, leaving out the unicorns, it paints a comprehensive picture of the industrial trends in the region. It may even help you decide which companies to add next to your portfolio.
The Nikkei Asian Review’s piece analyzing startups in China is a good complement to the cover story, as it focuses on funding by Chinese startups in the first half of 2019. Drawing on research by Chinese tech media platform 36Kr, the report predicts that total fundraising by Chinese startups in 2019 could plunge more than 30% from the previous year.
But there are bright spots, too, with tomorrow’s startups exploring new business opportunities in such areas as facial recognition and online used-car trading. Despite the obvious difficulties the trade war with the U.S. is causing for the Chinese economy, ingenious entrepreneurship might counter the strong headwinds. READ MORE
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