High-Growth Companies Asia-Pacific 2024
The Financial Times introduces High-Growth Companies Asia-Pacific ranking, a special report on fastest growing companies in the Asia Pacific region, to be published in March 2024. Innovative and fast-growing companies are the driving force of the Asian Pacific economy in the 21st century. They generate jobs and sustain the region’s competitiveness.
We will be looking to identify Asia-Pacific companies with some of the strongest revenue growth between the years 2019 and 2022.
They will be featured in a special supplement in the FT newspaper and on FT.com in March 2024. Potential candidates will be contacted by Statista or can put their name forward by clicking below register button.
Why should my company participate?
New business opportunities: An inclusion in the list of High-Growth Companies Asia-Pacific is a visible and public acknowledgement of your company’s performance that extends far beyond your specific industry and country. It will also generate attention for your business on the part of potential partners, customers, and investors around the world.
Employer branding: Corporate growth usually generates demand for new employees. Being featured in the high-profile ranking of the FT will not only increase awareness of you as an employer, it also gives potential employees an understanding of your company’s future potential.
Effective media coverage: The ranking will be covered in a special report, a supplement within a weekday edition of the FT newspaper and on FT.com. While the full ranking will be published online, FT reporters will focus on particularly interesting companies, sectors and trends in the articles of a special report that will appear in both print and on FT.com.
Reputation: All companies that make it into the list may use the award logo for marketing purposes.1
1 The use of the label and the word-and-image logo “High-Growth Companies Asia-Pacific 2024“ for marketing purposes is subject to a one-off payment of a licence fee. Inclusion in the ranking, however, is completely free of charge.
Who is eligible?
In order to be included in the ranking your company must meet the following criteria:
- Revenue of at least 100,000 USD1 generated in 2019.
- Revenue of at least 1 million USD1 generated in 2022.
- Be independent (the applying company is not a subsidiary or branch office of another company).
- Headquartered in one of the following 14 Asia-Pacific locations: Australia, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand or Vietnam
- The revenue growth between 2019 and 2022 was primarily organic (i.e. “internally” stimulated)
- Have not experienced share price irregularities in the past 12 months2
1 Average currency value equivalent over course of the relevant fiscal year
2 FT and Statista will discuss if companies shall be excluded that are stock-listed and have experienced share price irregularities in the past 12 months. For example, companies may be excluded if their share price drops 50% over that period.
How do I register?
Online registration
Please register with Statista by 31 October 2023. You can find the form here.
Verification of revenue information
Your revenue data needs to be verified. Please use this form for this purpose. The form must be signed in person by a Managing Director or a member of your Executive Committee (CEO or CFO). The submission process entails uploading the completed form to Statista via a link provided in the confirmation email.
Downloads
English
Form of Registration as PDF document
Form of Verification as PDF document
日本語
Form of Registration as PDF document
Form of Verification as PDF document
한국어
Form of Verification as PDF document
中文
Form of Verification as PDF document
Contact details
Should you have any additional questions or would otherwise like to contact us, please email High-Growth-Companies-Asia-Pacific@statista.com.
FAQ
- Do I have to pay to register?
No.
- Do I have to pay to be included in the ranking?
Not at all. If included in the ranking, your company is free to celebrate its success via a press release, social media, or a company website. Only businesses that want to use the official seal featuring the FT and Statista logos with the title High-Growth Companies Asia-Pacific 2024 have to pay a licence fee, in a one-off payment. The seal will be available after publication of the ranking.
- Do I have to purchase the High-Growth Companies Asia-Pacific 2024 licence in order to point out or make reference to my place in the rankings?
No. All those who apply and make it into the toplist are completely free to publicise this fact. The official seal High-Growth Companies Asia-Pacific 2024, available for a licence fee, is merely an additional option for those who want to advertise and promote their achievement in a more visually striking manner.
- Is the creation of the FT ranking commissioned and paid for by customers?
No, this project has two revenue sources: revenues from licence fees, as outlined above, and advertisements in an ft.com/special-reports where the ranking will be published (in full online) alongside FT articles on company growth trends and profiles. The special report, to appear as part of the FT in print and online, is an independent piece of journalism written and commissioned by FT journalists, drawing where relevant on the data collected for the ranking.
- Who is eligible to participate?
All companies that meet the above mentioned requirements.
- My company is wholly or partly owned by venture capital, private equity firms or investment funds. Can my company still qualify for the ranking?
Yes, as long as it complies with the aforementioned criteria.
- My company was founded during the course of 2019. Can I still participate?
Yes, as long as it complies with the aforementioned criteria. Additionally there will be a footnote stating that your first fiscal year was incomplete.
- How do you verify the data provided by participants?
Revenue data are verified through the signing off of this form by the managing director/CEO, the finance director/CFO or a member of your executive committee. The form must be submitted via upload link provided in the confirmation email, which you will receive after completing the online registration.
- When is the registration deadline?
Registration through the online form can be completed by 31 October 2023.
- Until when am I able to submit the revenue verification form?
The deadline for us to receive this document is 31 October 2023.
- On what criteria is the ranking of the top companies in the FT ranking determined?
The ranking is determined by the growth in revenue between the years 2019 and 2022.
- How will Statista calculate the average growth in revenue of a company?
We use the compound annual growth rate. For example, if a company achieved total revenue of 1.5m USD in 2019 and total revenue of 7.5m USD in 2022, we calculate an average yearly increase of 71%.
- The fiscal year of my company does not coincide with the calendar year. However, the survey and the form ask for the total revenue for the calendar years of 2019 and 2022. Which revenue information should I provide?
Please provide the revenue details for the fiscal years which fall predominantly in the calendar years of 2019 and 2022. For example if your company’s fiscal year is from 01/04/2022 to 31/03/2023, this fiscal year falls mainly in 2022, so use this for 2022 revenues. If your company’s fiscal year is from 01/10/2021 to 30/09/2022, this fiscal year falls mainly in 2022 as well, so use this for 2022 revenues.
- Which definition of revenue will be observed in the FT list?
Net revenue adjusted for returns, excluding value added tax and derived solely from business activities (excluding any other operating income) as disclosed in your company report.
- Are further key data, such as profitability, relevant for the FT ranking?
As a minimum, we require data on revenue growth. However, we also encourage you to add any pre-tax profit information to the registration form. While we state that pre-tax profit is not required, such information will help us better understand your company. Moreover, such transparency is likely to attract more editorial attention to your company in the FT special report.
- When will the High-Growth Companies Asia-Pacific 2024 ranking be published?
The ranking will be published in March 2024.
- Which information concerning individual companies will be published by The Financial Times?
The following information will be released about the top companies: the company name, the average growth in revenue and the total revenue for the years of 2019 and 2022, the number of employees in 2019 and 2022, the founding date of the company, the URL of the company website, as well as the location of the head office and the pre-tax profit if provided.
- How will I find out whether or not my company has made it into the ranking?
The results of our research will be published in the Financial Times and outside the paywall of FT.com so that the findings can be read and shared by everybody. In advance of this, the successful companies will be informed by post of their inclusion in the list.
Disclaimer
The Financial Times and Statista retain the right to change the criteria and/or produce new criteria at any point in the project’s lifetime.