Asia’s technology sector is undergoing a shift. The era dominated by consumer apps, from ecommerce marketplaces to ride-hailing platforms, has been giving way to a wave of start-ups focused on applying AI to established industries. Many of the fastest growing companies in the Asia-Pacific region are emerging from this shift.
The latest FT/Statista ranking of Asia-Pacific’s high-growth companies offers a snapshot of how quickly this transformation is unfolding.
At the top of the ranking, South Korea stands out. Four of the 10 fastest-growing companies are based in Seoul, highlighting the strength of the country’s start-up sector. Long known for manufacturers such as Samsung, Hyundai and LG, the country is producing a fresh crop of high-growth companies.