Beijing: Five Chinese companies have made their way onto Fortune's list of the 100 fastest-growing firms in the world, with two among the top 10, the magazine said Tuesday.
Sohu.com, a popular Chinese Internet portal, ranked third on the list and China's biggest online-gaming company Shanda took the seventh spot, the magazine said in a statement.
The list -- to be included in the August 31 issue – used to only track US companies and for the first time refers to businesses around the world, Fortune said.
"Since the Great Depression, some companies just keep growing. And not only in the United States," it said.
Companies were ranked based on their revenue, profit growth and total return in the past three years.
Canada's Research in Motion, producer of the popular Blackberry smartphone, landed in the first spot with a three-year average earnings-per-share growth of 84 percent, revenue growth of 77 percent and total return of 45 percent.
The other three Chinese firms on the list are online ticket and hotel reservation agency Ctrip.com International at 38, telecom software solution provider AsiaInfo Holdings at 40 and China Medical Technologies in 73rd place.
Internet companies have thrived in China, which has the world's largest number of web users at 338 million – more than the entire population of the United States.
The Chinese economy has held up well amid the global downturn, expanding 7.9 percent in the second quarter, up from 6.1 percent in the first, mainly due to huge government stimulus measures to boost domestic spending.
Bureau Report
First Published: Tuesday, August 18, 2009, 18:21