At the award ceremony, Deloitte published the 2016 Deloitte Technology Fast 50 China Report. According to the Report, enterprises included in the Deloitte TF50 China list this year all exhibited strong growth, as the average three-year cumulative growth rate increased by 60% than the previous year. And 22 out of the 50 enterprises had a three-year cumulative growth rate of more than 1000%. The software industry made up the largest part (as many as 34%) of the list. The proportion of the internet and media industry increased to 32%, and that of the communication industry was 10%.
Cities in central and western regions displayed eye-catching performance this time. A total of 18 Chengdu-based and Wuhan-based enterprises made it to the Deloitte TF50 China list, among which eight were from Chengdu Hi-tech Industrial Development Zone. According to relevant officials, Chengdu Hi-tech Industrial Development Zone was the first to cooperate with Deloitte on regional TF20 program in China.
Po Hou, Deloitte's China Technology Media and Telecommunications Managing Partner, believed that there were two reasons for that. On the one hand, with the continuous increase in the prices of production factors in first-tier cities like Beijing, Shanghai and Shenzhen, enterprises which witnessed high growth at an early stage were put under the pressure caused by the rise in cost. On the other hand, by virtue of the supporting policies issued by the national government in recent years, the vast population in the locality as well as the superiority of geographical locations, cities in central and western regions successfully improved employment and business environment, narrowed the gap with first-tier cities and attracted numerous high-tech enterprises to settle.
This year marks the 12th anniversary of Deloitte TF50 China. Deloitte had held regional competitions in multiple cities, including Beijing, Shenzhen, Chengdu and Wuhan, before it published the Deloitte TF50 China list. It explored the patterns and trends of technological innovation by discovering leading regional technology enterprises. Winners of regional competitions automatically qualify as candidates for Deloitte TF 50 China. Once an enterprise achieves Deloitte TF50 China ranking, it automatically becomes eligible for entry to Deloitte TF500 Asia Pacific program.
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SOURCE Chengdu Tianfu Software Park