on august 8 (local time in the united states), forbes released the world’s most innovative companies list of 2017. six(6) chinese companies were in the list. shanghai raas, ranked the 4th place, was the only chinese company among the top 5 of the list. tencent holdings, kangde xin, ctrip, baidu, and hengrui medicine were ranked the 24th, the 47th, the 55th, the 60th and the 82nd places, respectively.
according to shanghai raas, raas acquired banghe pharma and tonrol biopharm in succession in 2014. in 2016, the company's controlling shareholder accomplished the acquisition of 100% equity shares of bpl, a blood products tycoon in u.k., and said it would wait for an opportunity to inject the assets into the listed company. if bpl is injected into shanghai raas, the bottleneck in the chinese plasma company's road to getting bigger and stronger will be eliminated and raas will hopefully grow fast and become a global tycoon that processes more than 3000 tons of plasma a year.
according to reports, this world’s most innovative companies list is the 7th ever released by forbes. salesforce, having been ranked the 2nd place for two years in succession, finally surpassed tesla (ranked the 2nd place this year) and recovered the 1st place. salesforce had been ranked no. 1 from the list’s inception in 2011 to 2015. amazon moved up 8 places to the 3rd place this year, which marks the 20th anniversary of its getting listed. the 4th place and the 5th place were held by shanghai raas and netflix, respectively.
the world’s most innovative companies list released by forbes includes all companies which, in the eyes of investors, may pioneer the next wave of innovation. companies are ranked by their innovation premium: the difference between their market capitalization and the net present value of cash flows from existing businesses (based on a proprietary algorithm from credit suisse holt). the difference between them is the bonus given by equity investors on the educated hunch that the company will continue to come up with profitable new growth. to be included on the list, companies need seven years of financial data and $10 billion in market cap.
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