Deloitte Announces 2017 Asia Pacific Technology Fast 500™ Rankings, with mobile entertainment companies dominating top ten rankings

Deloitte Announces 2017 Asia Pacific
Technology Fast 500™ Rankings, with mobile entertainment companies dominating
top ten rankings

·        Chinese live streaming platform Wuhan Douyu
Network Technology Co Ltd takes the top spot

·        Three of top ten spots taken by companies
providing mobile entertainment, as live-streaming and mobile gaming continues
to grow in the region

·        Average revenue growth of the 500 companies
continues to increase year-on-year, up 27 percentage points from 2016, to 600
percent

·        China claims five companies in the top 10 and
119 out of the top 500

HONG KONG, 11 December, 2017 — Deloitte Touche Tohmatsu Limited (DTTL) today released the 2017
Asia Pacific Technology Fast 500, an annual ranking of the fastest growing Asia
Pacific companies in the software and hardware tech sectors, clean technology,
media, communications and life sciences. Wuhan Douyu Network
Technology Co Ltd claimed the top spot
with a growth rate of 70,776 percent over three years;the second highest
growth captured in the 16 years of the program. This year’s top ten winners included three
companies focused on mobile entertainment, as the Asia Pacific market for
live-streaming and mobile gaming continues to grow.

Based in China, Wuhan Douyu Network Technology Co Ltd
(Wuhan Douyu) is a leading live streaming platform backed by Tencent
Holdings Ltd. Wuhan Douyu develops and operates Douyutv.com, similar to Amazon
owned Twitch, a live game streaming video platform. Its business activities
include research and development of computing and networking technologies,
electronics, communications and automatic control technologies.

“Our Asia Pacific Technology Fast 500 list of companies are
a showcase for technology that is driving innovation in all aspects of
consumer’s lives. Our top ten winners consist of companies focussed on mobile
entertainment, such as online gaming and e-sports, as well as digital finance
and Fintech, and Internet of Things (IoT) solutions,” said Toshifumi Kusunoki,
Deloitte Leader, Technology Fast 500
Asia Pacific. “We are seeing a large
increase in revenue generated from mobile entertainment for Chinese technology
companies, as exhibited by Wuhan Douyu’s rapid growth over the past year. Their focus on
increasing customer experience and satisfaction through their
diversified products, has allowed them to harness the growing middle-class
demand for mobile entertainment in China, as a result of bigger data plans and
the shift from computers to mobile.” 

Commenting on its competitive edge, Chen Shaojie, founder and
CEO of Douyu TV, said “We are honoured to be recognised by Deloitte’s
Technology Fast 500 Asia Pacific. We have worked very hard since we were
founded in 2014 and we have now started recording profits as a result. We will
continue actively expanding to maintain our position as the leading live
streaming service provider in China.”

Geographical Trends

Awardees are selected for the Technology Fast 500 ranking based
on percentage fiscal year revenue growth over three years. Of the companies
ranked, China continues to dominate in the region, claiming five companies in
the top 10 and 119 in the top 500.

“Digital penetration in China continues to grow, so we are
seeing an abundance of technology innovations in the market. The generations born
in China after 1990 show a much higher propensity to consume, rather than save,
due to lower aversion to credit and a greater acceptance of digital payments.
Therefore companies that are
focussed on providing China’s Millenials with inexpensive entertainment
options, such as gaming and live streaming, or those focussed on eCommerce and
Fintech, are continuing to succeed,” said William Chou,
Deloitte’s China Technology Media
and Telecommunications Managing Partner.

The strength of Taiwan technology companies also stood-out this
year, with 101 companies in the top 500 (up from 57 in 2016). A Taiwanese
company, Egis
Technology Inc., which specializes in fingerprint sensor capabilities, made it
into the 2017 top ten in the 9th spot.

Sector Trends

As has been the trend for the past five years, software
continues to dominate sector growth. Up from 199 companies last year, the 2017
rankings include 212 software companies in the top 500, accounting for 42
percent of the companies ranked.

Hardware was the second most prevalent sector in this year’s
rankings, accounting for 18 percent of the Technology Fast 500. Despite this,
only one hardware company made it into the top ten winners, Zero Latency Pty Ltd,
an Australian online multi-player virtual reality game.

Revenue Growth Trends

The top 500 companies in 2017 averaged revenue growth of 600
percent, an increase of 27 percentage points from 2016, which saw average
revenue growth of 573 percent.

The top ten companies in the ranking achieved average revenue
growth of 11,995 percent. Both the top 500 and top 10 revenue growth figures
are the highest recorded since 2008.

“The Asia Pacific region continues to be at the forefront of
revolutionary digital change. The Asia Pacific Technology Fast 500 rankings continue to play
an important role in monitoring and identifying trends in this digital
revolution,” said Toshifumi Kusunoki, Deloitte Leader, Technology Fast 500 Asia Pacific .

Top 10 companies ranked in the 2017 Asia Pacific Technology Fast
500

The full list of winners of the 2017 Asia Pacific Technology
Fast 500 and details about the nomination and eligibility criteria of the
program can be found on www.deloitte.com/fast500asiapacific