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Winner

Based in China, Chengdu Wolaila provides e-commerce and 24-hour express delivery services through an internet portal called Sposter. Sposter is the world’s largest smart delivery box operator, using a network of pin code-operated 'smart boxes' for drop-off and collection of items throughout communities in China, with 30 million subscribers and an average of 1 million deliveries per day. The company also collects data from its customers through day-to-day communications, then analyses their consumption habits to recommend value added services that serve their everyday needs, such as food, clothing, housing, medical treatments and pensions.

Third Place

Toutiao (which means "headlines" in Chinese) aggregates personalized third-party content based on users’ interests, by analyzing data on social-networking accounts. The personalized news app allows its 350 million users not only to read news, but also to browse pictures and watch videos. The app is a content ecosystem, which provides a publishing platform for individuals and institutions.

2016 Technology Fast 500 Asia Pacific press release

Average revenue growth of the 500 companies has increased significantly, up 158 percentage points from 2015, the highest growth since 2008

Chinese e-commerce company Chengdu Wolaila takes the top spot

China claims six companies in the top 10 and 150 out of top 500

Software companies continue to dominate, with 199 companies in the top 500

Awardees are selected for the Technology Fast 500 ranking based on percentage fiscal year revenue growth over three years.

Geographical Trends

Of the companies ranked, China continues to dominate in the region, claiming six companies in the top ten and 150 in the top 500. The strength of Australian technology companies also stood-out this year, with 88 companies in the top 500 (up from 80 in 2015), as their representation in the ranking continues to climb. Another interesting change was Taiwan's representation, which decreased from 86 companies in 2015 to 57 in 2016.

Sector Trends

Software continues to dominate with 199 companies in the top 500, accounting for 40 percent of the companies ranked. In a shake-up from past years, the media sector overtook hardware as the second-most prevalent sector in this year's rankings, accounting for 19 percent of this years' Technology Fast 500. Four of the top 10 winners were from the media sector, including third-placed Bytedance from China, who have created the app Toutiao ("headlines" in Chinese), to aggregate personalized third-party content based on users’ interests, by analyzing data on social-networking accounts. The hardware sector made up 16 percent of the rankings, the fifth concurrent year that this sector has seen a decline.

Revenue Growth Trends

The top 500 companies in 2016 averaged revenue growth of 573 percent, an increase of 158 percent points from 2015, which saw average revenue growth of 415 percent, the highest growth seen in the program since 2008. The top ten companies in the ranking achieved average revenue growth of 9932 percent.