Five Chinese firms join Fortune list

 Five Chinese companies have joined Fortune’s list of the 100 fastest-growing firms in the world, with two among the top 10, the magazine said yesterday.

Sohu.com, a popular Chinese Internet portal, ranked third on the list and China’s biggest online-gaming company, Shanda, took the seventh spot, the magazine said.

The other three Chinese firms on the list are online ticket and hotel reservation agency Ctrip.com International at 38th, telecom software solution provider AsiaInfo Holdings at 40th and China Medical Technologies at 73rd place.

Internet companies have thrived in China, which has 338 million web users.

The list, to be included in the August 31 issue of the magazine, used to only track US companies and for the first time includes businesses around the world, Fortune said.

“Since the Great Depression, some companies just keep growing. And not only in the United States,” it said.

Companies were ranked based on their revenue, profit growth and total return in the past three years.

Canada’s Research in Motion, producer of the Blackberry smartphone, topped with a three-year average earnings-per-share growth of 84 percent, revenue growth of 77 percent and total return of 45 percent.

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