Page 26 - Fortune-November 01, 2018

JIANGSU HENGRUI MEDICINE AAC TECHNOLOGIES GUANGZHOU AUTOMOBILE FOSUN INTERNATIONAL GEELY AUTOMOBILE KWEICHOW MOUTAI FLAVOURING AND FOOD HONG KONG EXCHANGES CHINA’S

CONSUMERS

WEIBO CTRIP.COM VIPSHOP S.F. HOLDING NETEASE SUNAC CHINA ALIBABA BAIDU TENCENT BOE TECHNOLOGY SUNING.COM FOSHAN HAITIAN AND CLEARING JD.COM MAKE AN
OVERALL BYD IMPACT
RANK

THE BIG THREE of Chi-
#1 #10 #20 #30 #40 #50 nese tech—Alibaba,
Baidu, and Tencent—
hold prominent places
STRUCTURAL on this year’s list. But
the presence of food
and beverage com-
panies (Kweichow
Moutai, Foshan Hai-
tian), automakers like
Geely and GAC, and
travel giant Ctrip re-
flects the rapid rise and
goods-consuming po-
PEOPLE tential of China’s grow-
ing middle class.

23
TECH AND
INVEST-
MENTS
GUANGZHOU
AUTOMOBILE GROUP
(GAC) CHINA (GNZUF, $1)

3.1
2.3 0.8

STRATEGY GAC’S SHARE PRICE slumped a
steep 42% this year as inves-
tors reacted to international
trade tensions and a decline
in Chinese auto demand. But
growth at the state-owned Chi-
nese automaker reaccelerated
in August, and longer-term
trends are promising. GAC is
lining up to release new mod-
POTENTIAL
els of its Trumpchi brand. (The
word means “legend” in Chi-
nese; there’s no connection to
the U.S. President.) Back home,
GAC has expanded production
capacity for its joint venture
with Toyota, while channeling
sizable R&D bets into electric
vehicles and autonomous cars.
SECTOR Market value: $14.4 billion
TECHNOLOGY HEALTH INDUSTRIALS FOOD & FINANCIALS RETAILING
CARE BEVERAGES