Page 22 - Fortune-November 01, 2018

13

SUNAC CHINA
THE FUTURE 50 HOLDINGS
CHINA (HK: 1918; $3)

3.9
2.7 1.2

IN MARCH, chairman Sun Hong-
bin admitted that Sunac’s in-
LEADERSHIP vestment in entertainment
STRUCTURE conglomerate LeEco had been
The new Salesforce
Tower, San a dud, and declared the com-
Francisco’s tallest pany would stick to what it
building, has knows: property. Sunac is Chi-
become a metaphor na’s fourth-largest developer
for the company’s by sales, which rose 76% in the
rapid rise. first half of this year over the
same period in 2017. It builds
both residential and commer-
cial projects and specializes in
integrations of the two. And it
10 sits on a massive land bank—
155.9 million square meters as
of June—that includes a large
SALESFORCE stock of salable land in major
U.S. (CRM, $138) cities to fuel future growth.
Market value: $12.1 billion

4.1
2.5 1.6 11 12 14

THE LONGTIME LEADER in the en- NVIDIA NETEASE ALIBABA GROUP
terprise cloud space—and HOLDING
the top scorer in last year’s U.S. (NVDA, $246) CHINA (NTES, $211)
CHINA (BABA, $138)
Future 50—took another sig-
nificant leap forward this May
with its $6.5 billion acquisition 4.0 4.0 3.8
of MuleSoft, an application in- 2.8 1.2 3.4 0.6 2.3 1.5
tegration platform. Tech strat-
egists surmise that Sales-
force will use MuleSoft tools, NVIDIA’S PRODUCTS are at NETEASE WAS founded in 1997 DURING ITS Singles’ Day pro-
which tout many global brands the forefront of a number of as an Internet services com- motion last year, Alibaba sold
as customers, to more eas- attractive trends, including pany, but today gaming ac- $25 billion worth of goods—
ily integrate other services artificial intelligence, virtual re- counts for nearly two-thirds of up 39% from the year before.
provided by cofounder Marc ality, and autonomous vehicles. its $8.3 billion in revenue. Chi- (Compare that with the “re-
Benioff’s company. All four of But it’s most highly linked to na’s government has recently cord breaking” $6.6 billion sold
Salesforce’s core cloud prod- the gaming sector, which ac- clamped down on the gam- in the U.S. on Cyber Monday of
uct offerings continue to see counts for 57% of revenues. ing industry, spooking investors 2017.) Not content to dominate
growth, and BCG estimates The excitement around these and sending Netease’s shares the world’s largest e-commerce
that the company will increase technologies has helped share- down 44% this year. But many market, Alibaba has expanded
revenue as much as 23% an- holder returns reach an annu- see current government op- aggressively outside China and
nually in the near term. Prof- alized 134% over the past three position as a recalibration of in other sectors, including cloud
its remain slender, amount- years. Not all of the company’s standards, and they expect the computing and food delivery;
ing to about 6% of Salesforce’s revenue streams are so glam- industry to recover. Netease’s revenue in fiscal 2018 rose 58% DAV ID PAUL MORRIS —BLOOMBERG V IA GE T T Y IM AGES
$12 billion in sales over the last orous: Nvidia also gets 20% of net revenue still grew 22% year over the previous year. Concerns
12 months. But the company sales from data centers, cre- over year in the second quar- over the retirement of founder
is successfully increasing its ating a stable floor if economic ter, and it has a slew of top- and chairman Jack Ma have
cash flow, which jumped 38% downturns crimp its other end games lined up for release dissipated; the juggernaut is
in the second quarter of 2018. businesses. when approvals resume. poised to succeed without him.
Market value: $104.3 billion Market value: $149.4 billion Market value: $27.6 billion Market value: $355.7 billion

COMPANY CAPACITY SCORE MARKET POTENTIAL SCORE
X.X OVERALL SCORE
X.X X.X