The Ten Most Innovative Companies in Asia

#1 in Asia: Baidu (China)

World Rank: 5
Innovation Premium: 57.6%
Sales Growth: 73.9%
Return: 50.0%

China’s leading search engine is also the fifth most visited site in the world.

#2: Rakuten (Japan)

World Rank: 7
Innovation Premium: 51.5%
Sales Growth: 18.3%
Return: 25.8%

The world’s No. 3 e-commerce firm owns a big stake in hot social network Pinterest. Its billionaire CEO, Hiroshi Mikitani, has a brash goal: beat Amazon.

#3: Larsen & Toubro (India)

World Rank: 9
Innovation Premium: 46.1%
Sales Growth: 19.0%
Return: -0.5%

India’s largest engineering firm builds ships, railroads, highways and bridges. Set to sell its plastics machinery business to Toshiba.

#4: Tencent Holdings (China)

World Ranking: 11
Innovation Premium: 44.1%
Sales Growth: 55.8%
Return: 53.0%

Chinese Internet and gaming giant bought a minority stake in Epic Games earlier this summer. The Gears of War and Infinity Blade maker is the company’s second U.S. purchase.

#5: Hindustan Unilever (India)

World Rank: 12
Innovation Premium: 43.9%
Sales Growth: 11.4%
Return: 17.0%

Enlists poor women and men in rural areas to sell door-to-door, creating the Indian equivalent of an army of Avon ladies.

#6: Kweichow Moutai (China)

World Rank: 18
Innovation Premium: 37.9%
Sales Growth: 56.2%
Return: 18.6%

State-owned enterprise produces a sorghumbased premium hard liquor. Stock up 40-fold from its IPO 11 years ago, with strong sales at home and abroad.

#7: Infosys (India)

World Rank: 19
Innovation Premium: 37.7%
Sales Growth: 12.7%
Return: 0.4%

Offers consulting, software development and outsourcing services. Facing probe by Justice Department into visa fraud allegations.

 

#8: Wuliangye Yibin (China)

World Rank: 20
Innovation Premium: 37.6%
Sales Growth: 36.5 %
return: 5.9%

Profits are up 50% from a year ago, and the 600-year-old Wuliangye brand will soon have an airport in Yibin City named after it.

 

#9: Nidec (Japan)

World Rank: 22
Innovation Premium: 36.1%
Sales Growth: 3.4%
Return: 7.2%

World’s largest hard-disk-drive spindle-motor manufacturer, with 80% global market share.

#10: Tata Consultancy Services (India)

World Rank: 29
Innovation Premium: 35.1%
Sales Growth: 19.5%
Return: 14.6%

India’s largest IT services firm added 40,000 employees in the past year and boasts a workforce that’s 32% women.
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