2019
Asia's Most
Asia's Most
Valuable Companies
100
An independent InfluenceAsia editorial and research ranking recognizing the companies whose 2019 value, strategic weight, capital-market importance and enterprise influence most shaped Asia's corporate landscape.
InfluenceAsia 100: Asia's Most Valuable Companies 2019 identifies listed and privately held companies whose enterprise value, market confidence, strategic relevance, technology advantage, consumer reach, infrastructure role or institutional strength made them central to Asia's 2019 corporate economy. The ranking is not a market-cap table alone. It evaluates value as a combination of capital-market scale, private valuation credibility, strategic sector importance, execution quality and durable influence.
The 2019 value cycle was defined by Saudi Aramco's public-market debut, Alibaba's Hong Kong listing, Tencent's platform recovery, TSMC's 7-nanometer leadership, Samsung's memory-cycle resilience, India's digital infrastructure story, and the rising value of Asian private technology platforms. The most valuable companies were those that gave investors, consumers, governments and suppliers confidence in Asia's next phase of scale.
The edition considers Asian and Asia-centered listed companies, majority Asian operating companies, major private companies with credible 2019 enterprise value, and strategically essential corporations whose value was visible through market capitalization, private financing, cash-flow power, technology control, infrastructure importance or category leadership. Pure funds, government agencies, universities, non-operating shells and individual leaders are excluded.
100
ranked companies in the full list
15
primary markets represented
7
weighted value dimensions
99
highest calibrated score
Representative Standouts
Companies that defined Asian corporate value in 2019
The leading entries show how energy scale, platform breadth, semiconductor depth, industrial trust and private technology value shaped Asia's corporate landscape.
Saudi Aramco
- Market
- Saudi Arabia
- Signal
- The year's defining mega-cap public-market debut
- Score
- 99
Aramco is ranked first because its 2019 listing reshaped the upper boundary of public-market valuation in Asia and globally.
Alibaba Group
- Market
- China
- Signal
- Mega-cap platform company with dual-market capital visibility
- Score
- 98.6
Alibaba's value came from being both a platform economy and a capital-market bridge between China and global investors.
Tencent Holdings
- Market
- China
- Signal
- Mega-cap digital platform with deep daily user engagement
- Score
- 98.1
Tencent's value came from user proximity and platform breadth. Few Asian companies carried comparable daily digital relevance.
Samsung Electronics
- Market
- South Korea
- Signal
- Mega-cap technology manufacturer and component platform
- Score
- 97.7
Samsung's value rested on breadth: it served consumers directly while supplying essential components to the global electronics industry.
Taiwan Semiconductor Manufacturing Company
- Market
- Taiwan
- Signal
- High-value semiconductor infrastructure company
- Score
- 97.3
TSMC's value came from strategic indispensability. Its manufacturing trust became a premium asset in global technology.
Toyota Motor Corporation
- Market
- Japan
- Signal
- Mega-cap industrial mobility company
- Score
- 96.8
Toyota's value came from operational durability and the ability to adapt a century-old industrial franchise to a mobility future.
Full List
The complete 2019 ranking
All 100 companies from the data package are shown below with rank, market, region, 2019 status, sector, value signal, score, contribution and editorial rationale.
| Rank | Company | Market / Status | Value Signal / Sector | Score | 2019 Contribution |
|---|---|---|---|---|---|
| 1 | Saudi Aramco Aramco is ranked first because its 2019 listing reshaped the upper boundary of public-market valuation in Asia and globally. | Saudi Arabia West Asia / Global Tadawul-listed from December 2019; majority state-owned | The year's defining mega-cap public-market debut Energy, oil, gas and petrochemicals oil, gas, refining, petrochemicals, energy security, Saudi capital markets and global commodity pricing | 99 | Saudi Aramco became the corporate value event of 2019, entering public markets with unmatched energy scale, extraordinary cash generation and strategic importance to global oil supply. InfluenceAsia ranks Saudi Aramco first for making energy scale the defining corporate-value story of 2019. |
| 2 | Alibaba Group Alibaba's value came from being both a platform economy and a capital-market bridge between China and global investors. | China East Asia / Global NYSE-listed and HKEX secondary-listed | Mega-cap platform company with dual-market capital visibility E-commerce, cloud, logistics, digital finance ecosystem and consumer platforms marketplace commerce, cloud computing, merchants, logistics, retail technology, digital finance adjacency and Chinese consumption | 98.6 | Alibaba reinforced its value in 2019 through commerce scale, cloud growth, logistics coordination, digital media and a major Hong Kong listing that strengthened Asian capital-market presence. InfluenceAsia ranks Alibaba for turning digital commerce and cloud scale into one of Asia's most valuable corporate platforms. |
| 3 | Tencent Holdings Tencent's value came from user proximity and platform breadth. Few Asian companies carried comparable daily digital relevance. | China East Asia / Global HKEX-listed | Mega-cap digital platform with deep daily user engagement Social platforms, gaming, payments, cloud and digital content social communication, gaming, fintech, cloud, digital content, advertising and platform ecosystems | 98.1 | Tencent regained value momentum in 2019 through WeChat, games, payments, advertising, content and cloud services, remaining embedded in Chinese digital life. InfluenceAsia ranks Tencent for sustaining one of Asia's highest-value consumer technology ecosystems. |
| 4 | Samsung Electronics Samsung's value rested on breadth: it served consumers directly while supplying essential components to the global electronics industry. | South Korea East Asia / Global KRX-listed | Mega-cap technology manufacturer and component platform Memory, semiconductors, displays, smartphones and consumer electronics memory chips, OLED displays, smartphones, consumer electronics, semiconductor capex and Korean technology exports | 97.7 | Samsung remained one of Asia's most valuable companies in 2019 despite a tougher memory cycle, supported by semiconductors, displays, smartphones and global consumer electronics. InfluenceAsia ranks Samsung Electronics for combining consumer brand strength with semiconductor depth. |
| 5 | Taiwan Semiconductor Manufacturing Company TSMC's value came from strategic indispensability. Its manufacturing trust became a premium asset in global technology. | Taiwan East Asia / Global TWSE-listed with NYSE ADR | High-value semiconductor infrastructure company Semiconductor foundry and advanced manufacturing advanced nodes, foundry services, mobile chips, high-performance computing, fab investment and Taiwan technology leadership | 97.3 | TSMC strengthened its value in 2019 through 7-nanometer leadership, advanced process demand and trusted foundry execution for global chip designers. InfluenceAsia ranks TSMC for anchoring Asia's most valuable semiconductor manufacturing platform. |
| 6 | Toyota Motor Corporation Toyota's value came from operational durability and the ability to adapt a century-old industrial franchise to a mobility future. | Japan East Asia / Global TSE-listed | Mega-cap industrial mobility company Automotive manufacturing, mobility technology and hybrid systems vehicles, hybrid technology, manufacturing systems, connected mobility, supply chains and Japanese industrial leadership | 96.8 | Toyota remained one of Asia's most valuable industrial companies in 2019, combining global vehicle scale, hybrid leadership, manufacturing discipline and mobility transformation. InfluenceAsia ranks Toyota for representing the highest-value form of Asian industrial trust. |
| 7 | Huawei Huawei's value was strategic rather than public-market based. It controlled technology layers central to telecom infrastructure and devices. | China East Asia / Global Privately held | Highest-value private technology infrastructure company Telecom infrastructure, smart devices, cloud and enterprise ICT 5G, telecom networks, smartphones, enterprise ICT, cloud, research culture and global technology competition | 96.4 | Huawei delivered a major 2019 performance under intense pressure, with strong revenue, global 5G relevance, smartphones, enterprise ICT and cloud capabilities. InfluenceAsia ranks Huawei for demonstrating the value of technology control in a contested global environment. |
| 8 | Ant Financial Services Group Ant's value came from turning payments into a financial operating layer for consumers and merchants. | China East Asia / Global Privately held | Highest-value private financial technology platform Digital payments, fintech, credit technology and inclusive finance mobile payments, Alipay, merchant services, digital finance, wealth technology, credit scoring and inclusive financial services | 96 | Ant Financial remained one of Asia's most valuable private companies in 2019, anchored by Alipay, merchant finance, wealth products, credit technology and financial inclusion. InfluenceAsia ranks Ant Financial for defining private fintech value in Asia. |
| 9 | Industrial and Commercial Bank of China ICBC's value came from systemic scale and its central place in China's financial architecture. | China East Asia / Global SSE and HKEX-listed | Mega-cap listed banking institution Banking, deposits, corporate finance and financial infrastructure commercial banking, corporate lending, deposits, RMB services, financial infrastructure and Chinese industry | 95.6 | ICBC remained one of Asia's highest-value banks in 2019, supported by deposit scale, corporate finance, credit allocation and systemic financial relevance. InfluenceAsia ranks ICBC for carrying unmatched listed banking weight in Asia. |
| 10 | Ping An Insurance Group Ping An's value reflected a rare fusion of financial scale and technology platform ambition. | China East Asia SSE and HKEX-listed | Mega-cap technology-enabled financial group Insurance, fintech, health platforms and retail financial services insurance, fintech, healthtech, banking, wealth, AI finance and Chinese retail financial services | 95.1 | Ping An sustained high value in 2019 through insurance, banking, wealth, fintech, healthcare platforms and data-led financial services. InfluenceAsia ranks Ping An for setting Asia's benchmark in technology-powered financial value. |
| 11 | Reliance Industries Reliance's value came from combining industrial cash flows with mass digital adoption. | India South Asia / Global NSE and BSE-listed | India's defining high-value listed conglomerate Energy, petrochemicals, telecom, retail and digital platforms mobile data, telecom, retail, refining, petrochemicals, digital platforms and Indian consumer infrastructure | 94.7 | Reliance remained India's most strategically valuable listed company in 2019 as Jio, retail, refining and petrochemicals converged into a powerful consumer-infrastructure platform. InfluenceAsia ranks Reliance Industries for making India's corporate value story inseparable from digital infrastructure. |
| 12 | China Construction Bank CCB's value came from its ability to direct large-scale capital into the physical and financial foundations of China's economy. | China East Asia / Global SSE and HKEX-listed | Mega-cap listed banking franchise Banking, infrastructure finance, housing finance and digital services infrastructure finance, housing credit, corporate banking, deposits, digital banking and Chinese development finance | 94.3 | China Construction Bank remained a high-value listed lender in 2019, supporting infrastructure, housing finance, corporate clients and digital banking modernization. InfluenceAsia ranks China Construction Bank for sustaining high-value listed banking relevance. |
| 13 | China Mobile China Mobile's value came from the connectivity layer beneath China's app economy. | China East Asia HKEX-listed with NYSE ADR | Mega-cap telecom infrastructure company Telecommunications, mobile data, broadband and digital connectivity mobile networks, broadband, data services, enterprise connectivity, 5G preparation and Chinese digital infrastructure | 93.8 | China Mobile remained one of Asia's most valuable telecom companies in 2019, supporting 4G data use, broadband, enterprise connectivity and 5G preparation. InfluenceAsia ranks China Mobile for anchoring the network value of Asia's largest mobile market. |
| 14 | Kweichow Moutai Moutai's value came from cultural brand power and disciplined scarcity economics. | China East Asia SSE-listed | Highest-value domestic premium consumer brand in China Premium baijiu, luxury spirits and consumer brands premium spirits, Chinese consumption, brand scarcity, distribution discipline and luxury consumer demand | 93.4 | Kweichow Moutai became one of China's most valuable public companies in 2019, reflecting premiumization, brand scarcity and exceptional consumer trust. InfluenceAsia ranks Kweichow Moutai for proving that Asian consumer brands can reach mega-cap value. |
| 15 | AIA Group AIA's value came from pure pan-Asian insurance exposure and durable distribution strength. | Hong Kong East Asia / Southeast Asia HKEX-listed | Pan-Asian high-value insurance platform Life insurance, protection, savings and wealth products life insurance, wealth protection, agency networks, long-term savings and Asian household finance | 93 | AIA remained one of Asia's most valuable insurance companies in 2019, supported by protection demand, agency distribution and exposure to regional middle-class growth. InfluenceAsia ranks AIA for defining high-value listed insurance across Asia. |
| 16 | Agricultural Bank of China ABC's value came from breadth and access across markets often underserved by premium financial institutions. | China East Asia SSE and HKEX-listed | Mega-cap listed financial institution Banking, deposits, rural finance and inclusive credit rural finance, deposits, household banking, inclusive finance, SMEs and agriculture-linked credit | 92.5 | Agricultural Bank of China remained one of Asia's largest listed banks in 2019, with national reach across deposits, rural finance, retail banking and inclusive credit. InfluenceAsia ranks Agricultural Bank of China for extending high-value banking into rural and inclusive finance. |
| 17 | Bank of China Bank of China's value came from connecting China's financial system with global trade and capital flows. | China East Asia / Global SSE and HKEX-listed | Mega-cap international Chinese bank Cross-border banking, RMB services and trade finance trade finance, RMB services, overseas banking, corporate clients and China-global financial corridors | 92.1 | Bank of China remained a high-value listed bank in 2019, distinguished by global branch reach, RMB services and cross-border corporate finance. InfluenceAsia ranks Bank of China for carrying international financial value among Chinese listed banks. |
| 18 | Nippon Telegraph and Telephone Corporation NTT's value came from reliability and mission-critical connectivity. | Japan East Asia / Global TSE-listed | High-value telecom and ICT infrastructure group Telecom networks, enterprise ICT and digital infrastructure telecom networks, enterprise ICT, data centers, cloud connectivity and Japanese digital infrastructure | 91.7 | NTT remained one of Japan's most valuable companies in 2019, supported by telecom networks, enterprise ICT, data services and digital infrastructure. InfluenceAsia ranks NTT for anchoring Japan's listed digital infrastructure. |
| 19 | SoftBank Group SoftBank's value came from the scale and risk of its capital allocation across future-facing technology companies. | Japan East Asia / Global TSE-listed | High-value technology capital platform Technology investment, telecom exposure and strategic capital technology investment, AI, mobility platforms, telecom, semiconductor architecture and global startup capital | 91.3 | SoftBank Group remained one of Asia's most watched value platforms in 2019, with technology investments, telecom exposure and Arm-linked strategic assets driving investor focus. InfluenceAsia ranks SoftBank Group for making Asian capital central to global technology value formation. |
| 20 | ByteDance ByteDance's value came from controlling attention through machine-learning distribution at global scale. | China East Asia / Global Privately held | Highest-value private consumer AI media platform Short video, AI content distribution, social media and advertising technology short video, recommendation systems, mobile advertising, creator ecosystems, global youth media and AI distribution | 90.8 | ByteDance became one of Asia's most valuable private companies in 2019, driven by Douyin, TikTok, Toutiao and algorithmic content distribution. InfluenceAsia ranks ByteDance for turning Asian algorithmic media into a global private-company value story. |
| 21 | Sony Corporation Sony's value came from combining hardware depth with global creative assets. | Japan East Asia / Global TSE-listed | High-value creative technology company Gaming, image sensors, entertainment and consumer technology gaming, image sensors, music, film, cameras, creative technology and consumer electronics | 90.4 | Sony strengthened its value in 2019 through PlayStation, image sensors, music, film, professional imaging and a more focused technology-entertainment strategy. InfluenceAsia ranks Sony for making Japanese technology culturally and commercially powerful. |
| 22 | Meituan Dianping Meituan's value came from high-frequency city services that connected consumers, riders and merchants. | China East Asia HKEX-listed | High-growth listed local-services platform Food delivery, local services, travel and merchant technology food delivery, local services, merchant tools, urban logistics, travel services and Chinese consumer platforms | 90 | Meituan grew in value relevance in 2019 through food delivery, in-store services, hotels, travel and a powerful merchant-consumer operating platform. InfluenceAsia ranks Meituan for making local services one of Asia's most valuable platform categories. |
| 23 | Hon Hai Precision Industry Hon Hai's value came from converting global technology demand into physical production at vast scale. | Taiwan East Asia / Global TWSE-listed | High-value electronics manufacturing platform Electronics manufacturing, device assembly and global supply chains electronics manufacturing, smartphone assembly, server hardware, global supply chains, factories and Taiwan industrial capacity | 89.5 | Hon Hai remained one of Asia's most valuable manufacturers in 2019, supporting smartphones, servers, components and global electronics supply chains. InfluenceAsia ranks Hon Hai for making manufacturing execution a strategic value asset. |
| 24 | JD.com JD's value came from operational infrastructure that made e-commerce trustworthy and fast. | China East Asia NASDAQ-listed | High-value listed e-commerce and logistics platform E-commerce, logistics and supply-chain technology online retail, logistics, warehouses, delivery, customer trust and Chinese consumer commerce | 89.1 | JD.com strengthened its value position in 2019 through direct retail, logistics, warehousing, delivery reliability and supply-chain technology. InfluenceAsia ranks JD.com for building high-value commerce through supply-chain control. |
| 25 | SK hynix SK hynix's value came from strategic memory capacity, a foundation for smartphones, servers and data centers. | South Korea East Asia / Global KRX-listed | High-value memory semiconductor company Memory semiconductors, DRAM, NAND and storage technology memory chips, DRAM, NAND, server memory, mobile devices and Korea technology exports | 88.7 | SK hynix remained one of Asia's most valuable semiconductor companies in 2019, tied to DRAM, NAND and global memory demand despite cycle pressure. InfluenceAsia ranks SK hynix for sustaining Korea's memory semiconductor value. |
| 26 | Keyence Keyence's value came from precision automation that helped global manufacturers improve productivity. | Japan East Asia / Global TSE-listed | High-value automation and industrial intelligence company Factory automation, sensors, machine vision and measurement systems factory automation, industrial sensors, machine vision, quality control and manufacturing productivity | 88.3 | Keyence remained one of Japan's most valuable technology companies in 2019, supported by sensors, machine vision, measurement systems and high-margin automation products. InfluenceAsia ranks Keyence for turning industrial intelligence into premium corporate value. |
| 27 | Mitsubishi UFJ Financial Group MUFG's value came from institutional trust and deep links with Japan's corporate economy. | Japan East Asia / Global TSE and NYSE-listed | Japan's highest-value listed banking group Banking, corporate finance and global markets commercial banking, corporate finance, transaction services, deposits and Japanese financial infrastructure | 87.8 | MUFG remained Japan's flagship financial group in 2019, serving corporate clients, households, global markets and cross-border finance. InfluenceAsia ranks MUFG for anchoring Japanese listed financial value. |
| 28 | HDFC Bank HDFC Bank's value came from trust, consistency and exposure to India's formalizing consumer economy. | India South Asia NSE, BSE and NYSE-listed | India's premier high-value private bank Retail banking, payments, credit and deposits Indian retail banking, digital payments, consumer credit, deposits, SME finance and household financial services | 87.4 | HDFC Bank remained one of India's most valuable companies in 2019, supported by deposits, payments, cards, consumer lending and disciplined retail banking. InfluenceAsia ranks HDFC Bank for defining high-value private banking in India. |
| 29 | Tata Consultancy Services TCS's value came from trust and execution in mission-critical enterprise technology. | India South Asia / Global NSE and BSE-listed | India's highest-value listed technology services company IT services, consulting and digital transformation IT services, enterprise software, consulting, digital transformation, global delivery and Indian technology exports | 87 | TCS remained one of Asia's most valuable technology services companies in 2019, supporting global enterprises through consulting, software and digital transformation. InfluenceAsia ranks TCS for anchoring India's high-value technology-services sector. |
| 30 | Nintendo Nintendo's value came from unique content and platform control rather than commodity hardware. | Japan East Asia / Global TSE-listed | High-value interactive entertainment company Gaming hardware, software and intellectual property gaming hardware, software, family entertainment, game IP, digital distribution and Japanese creative technology | 86.5 | Nintendo sustained strong value in 2019 through the Switch platform, beloved intellectual property, game software and a disciplined hardware-software model. InfluenceAsia ranks Nintendo for making Japanese creative technology a high-value global franchise. |
| 31 | Baidu Baidu's value came from its data base and ambition to convert search leadership into AI infrastructure. | China East Asia NASDAQ-listed | High-value listed AI and search platform Search, AI, cloud, maps and autonomous driving search, AI, cloud, autonomous driving, maps, voice interfaces and Chinese internet infrastructure | 86.1 | Baidu remained one of China's most valuable listed internet companies in 2019, with search, AI, autonomous driving, cloud and voice technology at the center of its strategy. InfluenceAsia ranks Baidu for retaining strategic AI value in China's listed internet sector. |
| 32 | NetEase NetEase's value came from product quality and durable gaming monetization. | China East Asia / Global NASDAQ-listed | High-value digital entertainment company Online games, music, education and digital content online games, mobile games, music, education products, email and Chinese digital content | 85.7 | NetEase remained a high-value Chinese internet company in 2019, supported by game development, digital music, education products and disciplined operations. InfluenceAsia ranks NetEase for sustaining premium digital entertainment value. |
| 33 | Xiaomi Xiaomi's value came from integrating affordable hardware with ecosystem services and global reach. | China East Asia / Global HKEX-listed | High-value consumer device ecosystem Smartphones, IoT, consumer hardware and internet services smartphones, IoT, connected devices, India, value consumer technology and online services | 85.2 | Xiaomi remained a major listed consumer technology company in 2019, combining smartphones, AIoT devices, internet services and overseas expansion. InfluenceAsia ranks Xiaomi for making value technology a scalable Asian platform. |
| 34 | Pinduoduo Pinduoduo's value came from challenging conventional e-commerce with a social and price-sensitive model. | China East Asia NASDAQ-listed | High-growth listed social-commerce platform Social commerce, group buying and value retail social commerce, group buying, value retail, mobile shopping, lower-tier city consumers and platform growth | 84.8 | Pinduoduo became one of 2019's most valuable growth platforms in China, driven by social commerce, value retail and rapid user adoption. InfluenceAsia ranks Pinduoduo for expanding the boundaries of Chinese online retail value. |
| 35 | China Merchants Bank CMB's value came from a premium retail franchise inside a large banking market. | China East Asia SSE and HKEX-listed | High-value listed retail banking franchise Retail banking, wealth management and digital finance retail banking, wealth, credit cards, digital banking, deposits and Chinese household finance | 84.4 | China Merchants Bank remained one of China's most valuable retail banking franchises in 2019, supported by wealth management, cards, digital banking and customer service. InfluenceAsia ranks China Merchants Bank for defining high-value customer-oriented banking in China. |
| 36 | Fast Retailing Fast Retailing's value came from simple product discipline executed globally. | Japan East Asia / Global TSE-listed | High-value Asian apparel retailer Apparel retail, supply-chain design and global consumer brands apparel retail, Uniqlo, global stores, supply chains, functional clothing and Japanese consumer brands | 84 | Fast Retailing remained Asia's most valuable apparel retailer in 2019, supported by Uniqlo's functional clothing, global store expansion and supply-chain discipline. InfluenceAsia ranks Fast Retailing for turning Japanese retail into a global value brand. |
| 37 | Infosys Infosys's value came from trusted delivery and global enterprise relationships. | India South Asia / Global NSE, BSE and NYSE-listed | High-value listed technology services company IT services, consulting and enterprise technology IT services, consulting, enterprise platforms, automation, software engineering and Indian technology credibility | 83.5 | Infosys remained one of India's most valuable technology services companies in 2019, supporting global clients in consulting, digital systems and software engineering. InfluenceAsia ranks Infosys for sustaining India's listed technology-services credibility. |
| 38 | DBS Group Holdings DBS's value came from combining bank stability with digital maturity. | Singapore Southeast Asia / Global SGX-listed | Southeast Asia's highest-quality listed banking franchise Banking, wealth, digital finance and regional services digital banking, wealth, transaction banking, Singapore finance, regional corporate banking and innovation culture | 83.1 | DBS remained one of Southeast Asia's most valuable financial institutions in 2019, combining digital banking, wealth, institutional banking and regional discipline. InfluenceAsia ranks DBS for setting the premium banking value standard in Southeast Asia. |
| 39 | Hyundai Motor Hyundai's value came from Korea's ability to compete globally in mobility, quality and design. | South Korea East Asia / Global KRX-listed | High-value automotive manufacturer Automotive manufacturing, mobility and connected vehicles automobiles, EV development, connected vehicles, manufacturing, global exports and Korean industrial value | 82.7 | Hyundai Motor remained a major Asian automotive company in 2019, supported by global production, design improvement, EV plans and mobility technology. InfluenceAsia ranks Hyundai Motor for sustaining Korean automotive value at global scale. |
| 40 | PetroChina PetroChina's value came from the scale and strategic necessity of energy supply. | China East Asia / Global SSE, HKEX and NYSE-listed | Mega-scale listed energy company Oil, gas, pipelines and refining oil and gas, pipelines, refining, petrochemicals, energy supply and Chinese industrial infrastructure | 82.2 | PetroChina remained one of Asia's largest energy companies in 2019, with upstream assets, pipelines, refining and energy-security relevance. InfluenceAsia ranks PetroChina for anchoring China's listed energy value. |
| 41 | China Petroleum & Chemical Corporation Sinopec's value came from the downstream energy chain that supports manufacturing and daily mobility. | China East Asia / Global SSE, HKEX and NYSE-listed | High-value downstream energy company Refining, petrochemicals, fuel distribution and energy retail refining, petrochemicals, fuel retail, chemicals, energy distribution and industrial inputs | 81.8 | Sinopec remained a major listed energy and chemicals company in 2019, connecting refining, petrochemicals, fuel stations and industrial feedstocks. InfluenceAsia ranks Sinopec for sustaining high-value energy and chemical distribution. |
| 42 | China Life Insurance China Life's value came from scale in a market where insurance penetration remained a major growth theme. | China East Asia SSE, HKEX and NYSE-listed | Mega-cap listed insurance institution Life insurance, savings and protection products life insurance, savings, protection products, agency distribution and Chinese household finance | 81.4 | China Life remained a high-value insurance company in 2019, serving household protection, long-term savings and institutional capital formation. InfluenceAsia ranks China Life for carrying the savings and protection value of China's financial sector. |
| 43 | CNOOC CNOOC's value came from offshore energy capability and strategic resource development. | China East Asia / Global HKEX and NYSE-listed | Strategic listed offshore energy company Offshore oil, gas exploration and energy production offshore oil, gas, exploration, production, energy security and Chinese resource development | 80.9 | CNOOC remained an important Asian listed energy company in 2019, focused on offshore oil and gas exploration, production and energy security. InfluenceAsia ranks CNOOC for strengthening China's listed offshore energy value. |
| 44 | BYD BYD's value came from vertical integration across batteries and vehicles. | China East Asia / Global SZSE and HKEX-listed | High-value electric mobility and battery company Electric vehicles, batteries and power electronics electric vehicles, buses, batteries, plug-in hybrids, energy storage and clean transportation | 80.5 | BYD remained one of Asia's most valuable clean-mobility companies in 2019, combining EVs, batteries, buses, power electronics and energy storage. InfluenceAsia ranks BYD for anchoring Asian electric mobility value. |
| 45 | Geely Automobile Holdings Geely's value came from proving that Chinese auto brands could upgrade beyond price competition. | China East Asia / Global HKEX-listed | High-value Chinese automotive brand Automobiles, vehicle platforms and Chinese brand upgrading passenger vehicles, Chinese auto brands, vehicle platforms, domestic demand and global automotive ambition | 80.1 | Geely remained one of China's most valuable automakers in 2019, supported by product improvement, brand confidence and vehicle-platform ambition. InfluenceAsia ranks Geely for strengthening China's listed automotive value story. |
| 46 | Midea Group Midea's value came from connecting consumer hardware with automation capability. | China East Asia / Global SZSE-listed | High-value appliance and automation company Home appliances, robotics and smart manufacturing home appliances, smart manufacturing, robotics, consumer electronics and global distribution | 79.7 | Midea remained a highly valuable Chinese appliance and automation company in 2019, combining home appliances, robotics, smart manufacturing and global distribution. InfluenceAsia ranks Midea for upgrading Chinese appliance value through technology and scale. |
| 47 | Gree Electric Appliances Gree's value came from specialization, channel strength and product trust. | China East Asia / Global SZSE-listed | High-value specialized appliance company Air conditioning, appliances and industrial manufacturing air conditioning, home appliances, manufacturing quality, consumer brands and industrial productivity | 79.2 | Gree remained one of China's most valuable appliance manufacturers in 2019, supported by air-conditioning leadership, manufacturing quality and strong domestic brand equity. InfluenceAsia ranks Gree for sustaining premium manufacturing value in Chinese appliances. |
| 48 | Haier Smart Home Haier's value came from internationalization and connected-home ambition. | China East Asia / Global SSE-listed | High-value global appliance platform Home appliances, smart homes and global consumer technology home appliances, smart homes, white goods, global distribution and connected devices | 78.8 | Haier Smart Home remained a leading Chinese listed appliance company in 2019, combining global white-goods reach with smart-home strategy. InfluenceAsia ranks Haier Smart Home for globalizing Chinese consumer appliance value. |
| 49 | Hikvision Hikvision's value came from the global rise of security imaging and video analytics. | China East Asia / Global SZSE-listed | High-value security technology company Video surveillance, imaging systems and AI-enabled security video surveillance, security cameras, analytics, imaging hardware and smart city infrastructure | 78.4 | Hikvision remained a major listed security-technology company in 2019, supplying video surveillance, cameras, analytics and smart-city systems. InfluenceAsia ranks Hikvision for shaping the value of Asian security technology. |
| 50 | BOE Technology Group BOE's value came from controlling a critical layer of the screen economy. | China East Asia / Global SZSE-listed | High-value display manufacturing company Displays, panels and semiconductor display technology LCD panels, OLED development, display technology, smartphones, TVs and Chinese manufacturing upgrading | 77.9 | BOE strengthened its value in 2019 through display capacity, panel technology and relevance to smartphones, TVs and connected devices. InfluenceAsia ranks BOE for making display manufacturing a strategic Chinese value field. |
| 51 | Lenovo Group Lenovo's value came from global distribution and credibility in enterprise and personal computing. | China / Hong Kong East Asia / Global HKEX-listed | High-value global computing hardware company PCs, servers, devices and enterprise technology PCs, servers, laptops, enterprise hardware, global channels and Chinese technology brands | 77.5 | Lenovo remained one of Asia's most valuable computing hardware brands in 2019, supported by PCs, servers, devices and enterprise infrastructure. InfluenceAsia ranks Lenovo for sustaining China's global computing brand value. |
| 52 | NAVER NAVER's value came from platform control in a market where local digital services retained strength. | South Korea East Asia KRX-listed | High-value Korean internet platform Search, content, cloud and digital services Korean search, advertising, digital content, cloud, commerce adjacency and consumer internet | 77.1 | NAVER remained one of Korea's most valuable internet companies in 2019, combining search, content, advertising, cloud and consumer services. InfluenceAsia ranks NAVER for anchoring Korea's listed internet value. |
| 53 | Kakao Kakao's value came from daily communication and service proximity. | South Korea East Asia KRX-listed | High-value Korean mobile platform Messaging, mobile platforms, payments, games and content messaging, mobile services, payments, games, content and Korean consumer platforms | 76.6 | Kakao remained central to Korea's digital life in 2019, with messaging, content, payments, games and mobile services supporting its value. InfluenceAsia ranks Kakao for turning messaging into a high-value platform ecosystem. |
| 54 | Coupang Coupang's value came from operational technology and delivery trust in a dense consumer market. | South Korea / United States East Asia / Global Privately held | High-value private e-commerce and logistics company E-commerce, fulfillment and logistics technology e-commerce, fulfillment, logistics, mobile shopping, customer experience and Korean consumer platforms | 76.2 | Coupang remained one of Asia's most valuable private commerce companies in 2019, supported by fulfillment speed, logistics technology and Korean consumer loyalty. InfluenceAsia ranks Coupang for making logistics speed a private-company value advantage. |
| 55 | Didi Chuxing Didi's value came from mobility density and its central role in China's urban transport ecosystem. | China East Asia / Global Privately held | High-value private mobility platform Ride-hailing, mobility platforms and transport data ride-hailing, urban mobility, driver networks, transport data, safety systems and Chinese platform regulation | 75.8 | Didi remained one of Asia's highest-value private mobility companies in 2019, with ride-hailing scale, transport data, driver networks and platform governance responsibilities. InfluenceAsia ranks Didi for defining the high-value mobility platform category in Asia. |
| 56 | Grab Grab's value came from regional execution across diverse Southeast Asian markets. | Singapore Southeast Asia Privately held | Highest-value private Southeast Asian platform company Mobility, food delivery, payments and superapp services ride-hailing, food delivery, payments, driver networks, merchant services and Southeast Asian superapp strategy | 75.3 | Grab remained one of Southeast Asia's most valuable private companies in 2019, expanding across ride-hailing, food delivery, payments and financial services. InfluenceAsia ranks Grab for anchoring Southeast Asia's private technology value. |
| 57 | Gojek Gojek's value came from solving everyday Indonesian urban needs through a platform built for local realities. | Indonesia Southeast Asia Privately held | High-value Indonesian technology platform Mobility, on-demand services, delivery and payments motorbike mobility, food delivery, payments, driver livelihoods, Indonesian digital services and urban logistics | 74.9 | Gojek remained Indonesia's most valuable technology platform in 2019, linking motorbike mobility, food delivery, payments, courier services and local merchant ecosystems. InfluenceAsia ranks Gojek for turning Indonesian city services into high-value technology infrastructure. |
| 58 | Sea Limited Sea's value came from operating across entertainment, commerce and payments in high-growth markets. | Singapore Southeast Asia / Global NYSE-listed | High-growth listed Southeast Asian internet platform Gaming, e-commerce and digital financial services online games, e-commerce, digital payments, merchants, Southeast Asian consumers and regional internet platforms | 74.5 | Sea Limited became a rising value story in 2019 through Garena, Shopee and digital financial services across Southeast Asia and Taiwan. InfluenceAsia ranks Sea Limited for making Southeast Asian internet platforms visible to global public markets. |
| 59 | SoftBank Corp. SoftBank Corp.'s value came from telecom cash flows and customer reach inside Japan's digital economy. | Japan East Asia TSE-listed | High-value listed Japanese telecom operator Telecommunications, mobile networks and digital services mobile networks, broadband, enterprise connectivity, consumer services and Japanese telecom infrastructure | 74.1 | SoftBank Corp. remained one of Japan's important listed telecom companies in 2019, supporting mobile networks, consumer services and enterprise connectivity. InfluenceAsia ranks SoftBank Corp. for anchoring the operating telecom value within the SoftBank ecosystem. |
| 60 | Recruit Holdings Recruit's value came from digitizing the matching of people, jobs, services and businesses. | Japan East Asia / Global TSE-listed | High-value digital marketplace and HR technology company HR technology, staffing, classifieds and digital marketplaces HR technology, staffing, job matching, classifieds, data platforms and digital marketplaces | 73.6 | Recruit Holdings remained a valuable Japanese platform company in 2019, supported by staffing, HR technology, online matching and marketplace services. InfluenceAsia ranks Recruit Holdings for making labor-market technology a high-value listed category. |
| 61 | FANUC FANUC's value came from the automation of global manufacturing. | Japan East Asia / Global TSE-listed | High-value industrial automation company Factory automation, robotics and CNC systems industrial robots, CNC systems, factory automation, machine tools and manufacturing productivity | 73.2 | FANUC remained one of Asia's most valuable automation companies in 2019, supplying robots, CNC systems and factory productivity technology. InfluenceAsia ranks FANUC for sustaining Japan's high-value robotics and automation franchise. |
| 62 | Murata Manufacturing Murata's value came from invisible but essential component reliability. | Japan East Asia / Global TSE-listed | High-value component technology company Electronic components, sensors and connectivity modules capacitors, sensors, connectivity modules, mobile devices, automotive electronics and electronic components | 72.8 | Murata remained a critical Japanese component supplier in 2019, supporting smartphones, vehicles, IoT devices and industrial electronics. InfluenceAsia ranks Murata for making component technology a premium Japanese value asset. |
| 63 | Canon Canon's value came from long-cycle competence in optics and imaging technology. | Japan East Asia / Global TSE and NYSE-listed | High-value imaging and optics company Imaging, optics, cameras, printing and industrial systems imaging, optics, cameras, printers, medical imaging adjacency and industrial systems | 72.3 | Canon remained a valuable Japanese technology company in 2019, spanning optics, cameras, imaging systems, printing and enterprise equipment. InfluenceAsia ranks Canon for sustaining Japan's optical technology value. |
| 64 | Hitachi Hitachi's value came from mission-critical systems that support industrial and public infrastructure. | Japan East Asia / Global TSE-listed | High-value industrial technology company Industrial systems, infrastructure, IT and energy technology industrial systems, rail, energy infrastructure, IT services, operational technology and social infrastructure | 71.9 | Hitachi remained a major Japanese listed technology group in 2019, with infrastructure systems, IT, rail, energy and operational technology. InfluenceAsia ranks Hitachi for connecting Japanese industrial value with digital transformation. |
| 65 | Panasonic Panasonic's value came from its position across homes, factories and mobility systems. | Japan East Asia / Global TSE-listed | High-value diversified technology manufacturer Consumer electronics, batteries, automotive systems and industrial devices batteries, appliances, automotive components, industrial systems, housing technology and energy devices | 71.5 | Panasonic remained a valuable Japanese technology company in 2019, spanning appliances, batteries, automotive systems and industrial devices. InfluenceAsia ranks Panasonic for sustaining diversified Japanese technology value. |
| 66 | LG Chem LG Chem's value came from the rise of electrification and advanced materials. | South Korea East Asia / Global KRX-listed | High-value battery and materials company Chemicals, batteries, materials and energy storage EV batteries, chemicals, advanced materials, energy storage and Korean technology supply chains | 71 | LG Chem remained a high-value Korean materials and battery company in 2019, supported by chemicals, EV batteries and energy-storage relevance. InfluenceAsia ranks LG Chem for making batteries central to Korean corporate value. |
| 67 | Samsung SDI Samsung SDI's value came from high-quality battery and materials capability. | South Korea East Asia / Global KRX-listed | High-value battery technology company Batteries, energy storage and electronic materials EV batteries, energy storage, small batteries, electronic materials and mobility supply chains | 70.6 | Samsung SDI remained an important listed battery company in 2019, serving EVs, energy storage, small batteries and electronic materials. InfluenceAsia ranks Samsung SDI for strengthening Korea's battery value chain. |
| 68 | Nidec Nidec's value came from motion control at the heart of electrification and devices. | Japan East Asia / Global TSE-listed | High-value precision motor company Precision motors, automotive components and industrial technology precision motors, EV traction motors, industrial systems, consumer devices and automation components | 70.2 | Nidec remained one of Japan's valuable precision technology companies in 2019, supplying motors for devices, industrial systems and automotive electrification. InfluenceAsia ranks Nidec for turning precision motors into a strategic technology value field. |
| 69 | Advantest Advantest's value came from quality control in the semiconductor manufacturing chain. | Japan East Asia / Global TSE-listed | High-value semiconductor equipment company Semiconductor test equipment and chip validation semiconductor testing, memory test, system-on-chip validation, production yield and chip reliability | 69.8 | Advantest became increasingly valuable in 2019 as semiconductor complexity raised demand for test equipment and validation systems. InfluenceAsia ranks Advantest for supporting the reliability layer of Asian chip production. |
| 70 | MediaTek MediaTek's value came from enabling affordable mobile computing across global device markets. | Taiwan East Asia / Global TWSE-listed | High-value fabless semiconductor company Mobile semiconductors, connectivity and fabless design mobile SoCs, connectivity, consumer electronics silicon, IoT devices and Taiwan fabless design | 69.3 | MediaTek remained a major Taiwanese fabless chip company in 2019, supplying mobile processors, connectivity and consumer electronics silicon. InfluenceAsia ranks MediaTek for sustaining Taiwan's fabless semiconductor value. |
| 71 | Delta Electronics Delta's value came from the energy layer behind digital infrastructure and electrification. | Taiwan East Asia / Global TWSE-listed | High-value power electronics company Power electronics, automation and energy management power electronics, industrial automation, data-center power, EV components, smart buildings and energy efficiency | 68.9 | Delta Electronics remained a valuable Taiwanese technology company in 2019, serving power electronics, automation, EV power and energy-efficiency systems. InfluenceAsia ranks Delta Electronics for making energy efficiency a premium technology value. |
| 72 | Largan Precision Largan's value came from premium optics in a camera-led smartphone market. | Taiwan East Asia / Global TWSE-listed | High-value optical component company Optics, smartphone lenses and precision components smartphone lenses, optical components, mobile imaging, precision manufacturing and device supply chains | 68.5 | Largan Precision remained a valuable Taiwanese component company in 2019, supplying high-end smartphone lenses and optical systems. InfluenceAsia ranks Largan Precision for anchoring Taiwan's high-end mobile optics value. |
| 73 | Cathay Financial Holding Cathay Financial's value came from trust and scale in Taiwan's financial system. | Taiwan East Asia TWSE-listed | High-value Taiwanese financial group Financial services, insurance and banking insurance, banking, wealth management, asset management and Taiwanese household finance | 68 | Cathay Financial remained one of Taiwan's most valuable financial groups in 2019, spanning insurance, banking, investment and wealth services. InfluenceAsia ranks Cathay Financial for representing high-value Taiwanese financial services. |
| 74 | Fubon Financial Holding Fubon's value came from diversified financial reach and disciplined institutional execution. | Taiwan East Asia TWSE-listed | High-value diversified financial group Financial services, insurance, banking and securities insurance, banking, securities, asset management, wealth and Taiwanese financial services | 67.6 | Fubon Financial remained a major Taiwanese financial group in 2019, combining insurance, banking, securities and regional expansion. InfluenceAsia ranks Fubon Financial for strengthening Taiwan's listed financial value. |
| 75 | China Unicom China Unicom's value came from connectivity and reform relevance inside China's telecom sector. | China East Asia HKEX-listed with NYSE ADR | Strategic listed telecom operator Telecom networks, mobile data and broadband mobile networks, broadband, enterprise connectivity, 5G development and Chinese digital infrastructure | 67.2 | China Unicom remained a valuable telecom company in 2019, supporting mobile data, broadband, enterprise connectivity and 5G network development. InfluenceAsia ranks China Unicom for contributing to China's listed network value. |
| 76 | China Telecom China Telecom's value came from fixed-line depth and enterprise network services. | China East Asia HKEX-listed with NYSE ADR | Strategic listed telecom operator Telecom networks, broadband, cloud and enterprise connectivity broadband, mobile networks, cloud, data centers, enterprise connectivity and Chinese telecom infrastructure | 66.8 | China Telecom remained a key listed telecom company in 2019, serving broadband, mobile, cloud and enterprise connectivity. InfluenceAsia ranks China Telecom for anchoring broadband and enterprise-connectivity value. |
| 77 | ZTE Corporation ZTE's value came from its role in China's telecom equipment and 5G supply chain. | China East Asia / Global SZSE and HKEX-listed | High-value telecom equipment company Telecom equipment, networks, smartphones and enterprise systems telecom equipment, 5G, carrier networks, smartphones, enterprise systems and Chinese ICT exports | 66.3 | ZTE remained a strategically valuable telecom equipment company in 2019, serving carrier networks, enterprise systems, devices and 5G deployment. InfluenceAsia ranks ZTE for sustaining Asian telecom equipment value. |
| 78 | Semiconductor Manufacturing International Corporation SMIC's value came from strategic necessity in China's semiconductor ambitions. | China East Asia / Global HKEX-listed with NYSE ADR | Strategic listed semiconductor foundry Semiconductor foundry and domestic chip manufacturing semiconductor foundry, domestic chip capacity, fab investment, process technology and Chinese hardware supply chains | 65.9 | SMIC remained China's most important listed semiconductor foundry in 2019, supporting domestic chip capacity and process development. InfluenceAsia ranks SMIC for representing China's domestic foundry value. |
| 79 | Sunny Optical Technology Sunny Optical's value came from the increasing strategic importance of mobile imaging. | China East Asia / Global HKEX-listed | High-value optical technology company Optical components, smartphone lenses and camera modules smartphone lenses, camera modules, optical components, automotive optics and precision manufacturing | 65.5 | Sunny Optical remained a valuable component company in 2019, benefiting from multi-camera smartphones, optics demand and precision manufacturing. InfluenceAsia ranks Sunny Optical for making optics a high-value electronics category. |
| 80 | AAC Technologies AAC's value came from hidden component sophistication behind premium devices. | China / Hong Kong East Asia / Global HKEX-listed | High-value smartphone component company Acoustic components, haptics and precision mechanics acoustic components, haptics, smartphone parts, precision mechanics and electronics supply chains | 65 | AAC Technologies remained an important listed component company in 2019, supporting smartphones through acoustic, haptic and precision-mechanical technologies. InfluenceAsia ranks AAC Technologies for representing Hong Kong-listed precision component value. |
| 81 | Country Garden Holdings Country Garden's value came from mass residential scale across China's urban growth markets. | China East Asia HKEX-listed | High-value listed property developer Property development, housing and urbanization residential property, urbanization, land development, housing demand and Chinese household wealth | 64.6 | Country Garden remained one of China's most valuable property developers in 2019, supported by nationwide housing demand, rapid execution and urbanization. InfluenceAsia ranks Country Garden for representing high-volume Chinese property value. |
| 82 | China Vanke Vanke's value came from professional credibility in a sector defined by scale and leverage. | China East Asia SZSE and HKEX-listed | High-value institutional property developer Property development, property management and urban services residential property, property services, urbanization, governance and Chinese real estate professionalism | 64.2 | China Vanke remained a valuable property company in 2019, combining residential development, property management and stronger institutional governance. InfluenceAsia ranks China Vanke for setting a higher governance standard in Chinese property value. |
| 83 | China Evergrande Group Evergrande's value came from scale and market visibility in the property-driven growth cycle. | China East Asia HKEX-listed | High-profile listed property company Property development, residential housing and diversified investments residential property, land banks, housing sales, urbanization and Chinese property capital markets | 63.7 | China Evergrande remained one of the most visible Chinese property companies in 2019, with enormous sales scale and broad capital-market attention. InfluenceAsia ranks China Evergrande for its major role in the 2019 property value narrative. |
| 84 | CK Hutchison Holdings CK Hutchison's value came from diversification and international asset depth. | Hong Kong East Asia / Global HKEX-listed | High-value Hong Kong-listed conglomerate Ports, telecom, retail, infrastructure and diversified holdings ports, telecom, retail, infrastructure, energy, global assets and Hong Kong corporate governance | 63.3 | CK Hutchison remained a valuable Hong Kong-listed conglomerate in 2019, spanning ports, telecom, retail, energy, infrastructure and global operations. InfluenceAsia ranks CK Hutchison for sustaining Hong Kong's global conglomerate value model. |
| 85 | Hong Kong Exchanges and Clearing HKEX's value came from being both a listed company and a gateway for listed companies. | Hong Kong East Asia / Global HKEX-listed | High-value market infrastructure company Exchange infrastructure, clearing and capital-market connectivity stock exchange infrastructure, clearing, IPO markets, Stock Connect and Hong Kong finance | 62.9 | HKEX remained one of Asia's most valuable financial infrastructure companies in 2019, supporting trading, clearing, listings and China-global capital connectivity. InfluenceAsia ranks HKEX for anchoring Asia's capital-market infrastructure value. |
| 86 | Jardine Matheson Holdings Jardine's value came from long-standing regional depth and diversified operating platforms. | Hong Kong / Singapore East Asia / Southeast Asia SGX and LSE-listed | High-value Asia-centered conglomerate Diversified conglomerate, retail, property and motors retail, property, motors, hotels, engineering, Southeast Asian holdings and conglomerate governance | 62.5 | Jardine Matheson remained a valuable Asia-centered conglomerate in 2019, with retail, property, motors, hotels, engineering and regional holdings. InfluenceAsia ranks Jardine Matheson for sustaining durable listed conglomerate value. |
| 87 | Wilmar International Wilmar's value came from food-system scale across essential consumption and industrial inputs. | Singapore Southeast Asia / Global SGX-listed | High-value agribusiness and food-chain company Agribusiness, edible oils, grains, sugar and food supply chains agribusiness, edible oils, palm oil, grains, sugar, food processing and Asian supply chains | 62 | Wilmar remained one of Asia's most valuable agribusiness companies in 2019, connecting palm oil, edible oils, grains, sugar and food processing. InfluenceAsia ranks Wilmar for anchoring Southeast Asia's agribusiness value. |
| 88 | Singapore Telecommunications Singtel's value came from regional connectivity and disciplined telecom governance. | Singapore Southeast Asia / Global SGX-listed | High-value Southeast Asian telecom group Telecom, mobile networks and enterprise ICT mobile networks, broadband, enterprise ICT, regional telecom associates and digital services | 61.6 | Singtel remained Southeast Asia's most important listed telecom group in 2019, supported by Singapore operations, regional associates and enterprise ICT. InfluenceAsia ranks Singtel for representing high-value Southeast Asian digital infrastructure. |
| 89 | PTT PTT's value came from national energy significance and broad industrial relevance. | Thailand Southeast Asia SET-listed | Thailand's flagship high-value energy company Energy, gas, petrochemicals and fuel retail energy supply, gas, petrochemicals, retail fuel, infrastructure and Thai industrial development | 61.2 | PTT remained Thailand's most valuable strategic company in 2019, supporting gas, oil, petrochemicals, fuel retail and national energy infrastructure. InfluenceAsia ranks PTT for anchoring Thailand's listed energy value. |
| 90 | CP All CP All's value came from daily reach and consumer infrastructure. | Thailand Southeast Asia SET-listed | High-value consumer retail network Convenience retail and consumer distribution convenience stores, consumer distribution, food retail, payments adjacency and Thai household consumption | 60.7 | CP All remained a valuable Thai consumer company in 2019, using convenience stores and distribution systems to shape everyday commerce. InfluenceAsia ranks CP All for defining listed convenience retail value in Southeast Asia. |
| 91 | The Siam Cement Public Company Siam Cement's value came from essential materials and regional industrial credibility. | Thailand Southeast Asia SET-listed | High-value Thai industrial materials company Cement, chemicals, packaging and industrial materials cement, chemicals, packaging, building materials, ASEAN industrial supply and Thai manufacturing | 60.3 | Siam Cement remained a valuable Thai industrial company in 2019, spanning cement, chemicals, packaging and ASEAN materials demand. InfluenceAsia ranks Siam Cement for representing Thailand's industrial value foundation. |
| 92 | Bank Central Asia BCA's value came from daily payment utility and strong consumer trust. | Indonesia Southeast Asia IDX-listed | Indonesia's premier high-value private bank Banking, payments, deposits and consumer finance Indonesian banking, payments, deposits, retail finance, transaction networks and consumer trust | 59.9 | Bank Central Asia remained Indonesia's most valuable private bank in 2019, supported by transaction banking, payments, deposits and retail franchise quality. InfluenceAsia ranks Bank Central Asia for defining Indonesian private banking value. |
| 93 | Telkom Indonesia Telkom Indonesia's value came from connectivity in one of Asia's largest and most complex markets. | Indonesia Southeast Asia IDX-listed with NYSE ADR | Indonesia's strategic telecom infrastructure company Telecom, broadband, mobile data and digital services telecom networks, broadband, mobile data, enterprise services and Indonesian digital infrastructure | 59.4 | Telkom Indonesia remained a valuable telecom company in 2019, supporting mobile, broadband and digital services across a vast archipelago. InfluenceAsia ranks Telkom Indonesia for anchoring Indonesia's listed digital infrastructure. |
| 94 | Bank Rakyat Indonesia BRI's value came from serving millions of smaller clients beyond elite urban finance. | Indonesia Southeast Asia IDX-listed | High-value inclusion-focused bank Banking, microfinance, SMEs and financial inclusion microfinance, SME banking, rural finance, financial inclusion and Indonesian household banking | 59 | Bank Rakyat Indonesia remained one of Asia's most valuable inclusion-oriented banks in 2019, with deep microfinance, SME and rural finance reach. InfluenceAsia ranks Bank Rakyat Indonesia for making financial inclusion a high-value banking model. |
| 95 | Astra International Astra's value came from its central role in vehicles, machinery and household economic activity. | Indonesia Southeast Asia IDX-listed | High-value Indonesian conglomerate Automotive, heavy equipment, financial services and consumer industrials automotive distribution, heavy equipment, finance, mining services, agribusiness and Indonesian industrial consumption | 58.6 | Astra International remained a valuable Indonesian conglomerate in 2019, spanning automotive distribution, heavy equipment, financial services and consumer-industrial operations. InfluenceAsia ranks Astra International for representing Indonesia's listed industrial-consumer value. |
| 96 | Vingroup Vingroup's value came from shaping the modernization of Vietnamese urban consumer life. | Vietnam Southeast Asia HOSE-listed | Vietnam's highest-profile listed private-sector platform Property, retail, healthcare, education and consumer platforms Vietnam property, retail, healthcare, education, urban development and consumer platforms | 58.1 | Vingroup remained Vietnam's most valuable and visible private-sector group in 2019, spanning property, retail, healthcare, education and consumer services. InfluenceAsia ranks Vingroup for defining Vietnam's high-value private-sector platform. |
| 97 | SABIC SABIC's value came from world-scale chemicals and industrial materials. | Saudi Arabia West Asia / Global Tadawul-listed | High-value global petrochemical company Petrochemicals, industrial materials and global chemicals petrochemicals, industrial materials, chemicals exports, manufacturing feedstocks and Saudi capital markets | 57.7 | SABIC remained one of Asia's most valuable industrial companies in 2019, with petrochemical scale and strategic relevance to Saudi industrial diversification. InfluenceAsia ranks SABIC for anchoring West Asia's listed industrial value. |
| 98 | Al Rajhi Bank Al Rajhi's value came from combining religiously aligned banking with modern retail scale. | Saudi Arabia West Asia Tadawul-listed | High-value Islamic banking franchise Islamic banking, retail finance and payments Islamic banking, retail finance, deposits, payments, consumer banking and Saudi financial markets | 57.3 | Al Rajhi Bank remained one of the world's most valuable Islamic banks in 2019, supported by retail depth, deposit strength and Saudi consumer relevance. InfluenceAsia ranks Al Rajhi Bank for defining high-value Islamic banking. |
| 99 | Saudi Telecom Company STC's value came from connectivity at the center of Saudi digital modernization. | Saudi Arabia West Asia Tadawul-listed | High-value Gulf telecom operator Telecommunications, broadband and digital services mobile networks, broadband, enterprise connectivity, digital services and Saudi technology infrastructure | 56.9 | Saudi Telecom Company remained a core telecom company in 2019, supporting mobile networks, broadband, enterprise connectivity and Saudi digital services. InfluenceAsia ranks Saudi Telecom Company for anchoring West Asian telecom value. |
| 100 | QNB Group QNB's value came from scale, cross-border reach and flagship financial standing. | Qatar West Asia / Global QSE-listed | High-value regional banking group Banking, regional finance and corporate banking corporate banking, deposits, treasury, regional finance, international expansion and Qatari capital markets | 56.4 | QNB Group remained one of West Asia's most valuable banks in 2019, combining domestic leadership with regional and international banking reach. InfluenceAsia ranks QNB Group for sustaining Qatar's regional banking value. |
Methodology
How the most valuable companies list was built
The edition evaluates corporate value as more than market capitalization, combining 2019 value signal, sector importance, operating scale, Asia relevance, transformation, institutional trust and durability.
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Corporate Universe Formation
InfluenceAsia formed a 2019 company universe across Asian and Asia-centered listed companies, major private companies, technology platforms, financial institutions, energy groups, manufacturers, consumer leaders and infrastructure operators.
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Value Eligibility Review
Companies were reviewed for visible 2019 value, operating reality, Asian relevance, sector importance and credible enterprise influence. Pure funds, government agencies, universities, non-operating shells and individual leaders were removed.
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Value Scoring
Each company was assessed across seven weighted dimensions: 2019 corporate value signal, strategic sector importance, operating quality, Asia relevance, innovation, institutional trust and durability of value.
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Market and Sector Balance
The final list balances listed mega-caps, high-value private platforms, financial institutions, energy leaders, semiconductor companies, telecom operators, consumer brands, technology platforms, industrial manufacturers and regional infrastructure companies.
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Publication Standard
Entries are written from a 2019 publication perspective, using company-level language suitable for direct editorial presentation.
- 2019 Corporate Value Signal 24%
- Strategic Sector Importance 18%
- Operating Scale and Quality 16%
- Asia Relevance 14%
- Innovation and Transformation 12%
- Institutional Trust and Governance 8%
- Durability of Value 8%
Notes
Copyright and legal statement
The ranking is an independent editorial and research work prepared for the 2019 publication window.
Copyright
Copyright 2019 InfluenceAsia. All rights reserved. The ranking structure, editorial wording, scoring presentation, research dimensions and company profiles are prepared as an InfluenceAsia independent editorial work.
Editorial Independence
Inclusion in InfluenceAsia 100: Asia's Most Valuable Companies 2019 does not imply sponsorship, endorsement, partnership, nomination, payment, approval or participation by any listed company, shareholder, executive or affiliated organization.
Legal Disclaimer
The ranking is an editorial and research product. It is not investment advice, valuation advice, legal opinion, accounting certification, commercial due diligence or a recommendation to buy, sell, finance or partner with any company.