The Fastest-Growing Tech Companies You Haven't Heard Of

Photographer: Mick Ryan/Getty Images

Nine of the top 10 fastest-growing public tech companies from emerging markets are in China. Close

Nine of the top 10 fastest-growing public tech companies from emerging markets are in China.

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Photographer: Mick Ryan/Getty Images

Nine of the top 10 fastest-growing public tech companies from emerging markets are in China.

Chengdu Unionfriend? Inovisi Infracom? Even for global techies, these companies may not ring a bell.

Yet they're among the 10 fastest-growing public tech companies from emerging markets. While they don't have the international brand recognition of a Samsung Electronics, they do rise to the top in a more crucial measure: sales.

Bloomberg Rankings examined 72 emerging market countries and found 295 tech companies with market capitalizations of at least $500 million and positive sales growth. Based on annual revenue growth for the past three years, it came up with the list below. And while there are a few recognizable names, such as Qihoo and NQ Mobile, many of the others may be foreign to you, especially for those who don't reside in China.

Speaking of which: Chinese tech companies make up 9 of the top 10 on the list, with Indonesia's Inovisi the one outlier. And if we extend the ranking to the top 20, only one more non-Chinese company, South Korea's Partron, cracks the list. (See the full ranking here.)

Here are the top 10 fastest-growing tech companies from emerging markets (mostly China), in descending order:

10. NQ Mobile (China)

Three-year compound growth in net sales: 123%

Total return year-to-date: -18%

The mobile-services provider's sales were called into question by short-seller Carson Block last year. The company has denied allegations that it inflated its numbers. This month, the company reported weaker-than-forecast earnings, which sent its stock plunging.

Photographer: Imaginechina via AP Photo

The front desk of DCITS (Digital China Information Technology Service Co., Ltd.) in Suzhou city, east China's Jiangsu province, on Dec. 13, 2012. Digital China Holdings Ltd., a distributor of technology products, said its information services unit will merge with Shenzhen Techo Telecom Co. in a 3.02 billion yuan (US$492 million) all-stock deal. Close

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Photographer: Imaginechina via AP Photo

The front desk of DCITS (Digital China Information Technology Service Co., Ltd.) in Suzhou city, east China's Jiangsu province, on Dec. 13, 2012. Digital China Holdings Ltd., a distributor of technology products, said its information services unit will merge with Shenzhen Techo Telecom Co. in a 3.02 billion yuan (US$492 million) all-stock deal.

9. Qihoo 360 Technology (China)

Three-year compound growth in net sales: 127%

Total return year-to-date: 3%

The operator of China's second-largest search engine was the biggest spender in research and development among the largest software and computer-services companies last year.

8. Dongxu Optoelectronic Technology (China)

Three-year compound growth in net sales: 129%

Total return year-to-date: 25%

The company's main products are glass devices and electronic parts for cathode ray tubes.

7. Forgame Holdings (China)

Three-year compound growth in net sales: 132%

Total return year-to-date: -39%

The Guangzhou-based developer of online games went public in October.

6. 58.com (China)

Three-year compound growth in net sales: 139%

Total return year-to-date: 4%

The classifieds website operator lets users sell used cars, post job openings and advertise apartment rentals, similar to Craigslist. The company's competition includes Alibaba, which is expected to file for an IPO in a few days.

5. Inovisi Infracom (Indonesia)

Three-year compound growth in net sales: 142%

Total return year-to-date: 8%

The company provides mobile telecommunication infrastructure, advertising and other related services.

4. YY (China)

Three-year compound growth in net sales: 151%

Total return year-to-date: 16%

Guangzhou-based YY is the owner of a social entertainment website.

3. Harbin Electric Corp. Jiamusi Machine (China)

Three-year compound growth in net sales: 161%

Total return year-to-date: -2%

The company manufactures relay protection and electric power automation equipment.

2. Chengdu Unionfriend Network (China)

Three-year compound growth in net sales: 346%

Total return year-to-date: 114%

The company develops and manufactures computer networks. It also provides video services for hotels.

1. Digital China Information Service (China)

Three-year compound growth in net sales: 348%

Total return year-to-date: -15%

In August, Digital China Holdings announced it was merging its IT services business with Shenzhen Techo Telecom in a $492 million deal.

Source: Bloomberg

As of: April 29, 2014

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