2012 Deloitte Technology Fast 50 China Program
2012-09-28
The 2012 Deloitte Technology Fast 50 China Program ("TF 50 Program" or "the program") concluded with the award ceremony in Beijing, having a participation of over 200 industry specialists and senior executives from high technology companies. While global economic uncertainty seems to have taken a toll on corporate earnings, technology companies with viable business models continued to achieve strong revenue growth. Vipshop Holdings Ltd. is the top winner of this year's program after posting a cumulated revenue growth rate of 7,998% over the past three years. Gamewave Group Ltd. and C Media Limited came second and third place with cumulated revenue growth rates of 6,214% and 4,517% respectively.

This year, almost half of the winning companies (48%) were from Beijing, reflecting the city's leading position in high technology industry. Other major cities, including Chengdu (14%), Shanghai (8%) and Dalian (8%), also had a higher proportion of winning companies. Underpinned by the growth in the number of Internet users, there was a higher percentage of winners from the Internet and new media sector (24%). The proportion of winning companies from the cleantech and new energy industry also grew from 2% to 6%, reflecting the heightened awareness of energy saving and environmental conservation.

Deloitte Technology Fast 50 China Program was launched in 2005 to rank fast-growing high-tech companies, with headquarters in Hong Kong and the Chinese Mainland, based on their three-year cumulated revenue rates. Similar to the Technology Fast 50 Programs in other countries, including Australia, India, Japan, Korea and New Zealand, Deloitte Technology Fast 50 China Program is part of the Deloitte Technology Fast 500 Asia Pacific Program. Winning companies of the Deloitte Technology Fast 50 China Program will automatically be eligible for the Deloitte Technology Fast 500 Asia Pacific Program, with winners to be announced at an award presentation ceremony in Hong Kong on 6 December 2012.

Strategic and supporting partners of the 2012 Deloitte Technology Fast 50 China Program, include Branding China, Citi and Hong Kong Science & Technology Parks.
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