The result is the region’s best of the best, it added.
Forbes Media also said the list is an annual honour roll highlighting some of the brightest stars in the Asia Pacific region.
This year marks the 12th edition of the Fab 50 list and the 272 companies that have appeared on it at least once, reflects the changing nature of business in the Asia Pacific region.
Forbes Media said Alibaba Group not only makes its debut this year among the region’s best publicly traded big companies, it also boasts the highest market value of all and outperforms on a range of other metrics.
There are 21 new entrants to this year’s list, it said.
For six years in a row, companies from China dominate the Fab 50 list, with 22.
India claims the second highest number at eight, down from 10 last year and South Korea has the third highest at five, one more than last year.
Hong Kong also make a comeback with three newcomers, said Forbes Media.
Vietnam’s first entrant to the Fab 50 list is Vietnam Dairy Products, while the Philippines has three companies, up from two previously.
Taiwan and Japan have each two this year, with Thailand and Malaysia, one.
Australia returns to the list with biotech pharmaceutical company CSL, after no representation last year.
Sumber Alfaria Trijaya, operator of the Alfamart chain, remains the sole company from Indonesia this year ,while Singapore has no representation.
The full list can be found at www.forbes.com/fab50 and in the latest issue of Forbes Asia, available on newsstands now. - Bernama
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