- Fourteen of the region’s fastest-growing companies have been invited to join the World Economic Forum’s Global Growth Companies community
- Companies are nominated on the strength of their ability to become future global leaders and are drawn from a broad spectrum of sectors, including financial services, retail, media, chemicals and energy
- The Global Growth Companies community currently consists of over 370 companies from around the world
Tianjin, People’s Republic of China, 9 September 2014 – The World Economic Forum today announced its selection of Global Growth Companies (GGCs) in Greater China, consisting of 14 of the region’s most dynamic and high-growth companies. These companies are considered trailblazers, shapers and innovators that are committed to improving the state of the world.
GGCs are fast-growing companies with the clear potential to become global economic leaders. The 14 nominated GGCs from Greater China represent a broad cross section of industrial sectors, but share in common a track record in exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship.
The selected companies that will receive the GGC Award at this year’s Annual Meeting of the New Champions are: City Super Group (Hong Kong), Deppon Logistics Co.,Ltd, Guangxi Liugong Machinery, Hanergy Holding Group, HK Maxim’s Group (Hong Kong), Plateno Hotels Groups, Proya Cosmetics, Rainbow Group (Macau), Shandong Hi-tech Chemical Group, Shenzhen Energy, Solareast, Wowprime, Yangzijiang Shipbuilding, and Yuantong Express.
“The World Economic Forum is proud to recognize these 14 champions that are at the forefront of driving responsible economic growth, job creation and entrepreneurism in Greater China. We look forward to the active and dynamic role they will play at our Meeting in Tianjin, working with the world’s leaders to foster inclusive, sustainable growth in the region,” said David Aikman, Managing Director and Head of New Champions at the World Economic Forum.
In Tianjin, these companies will have the opportunity to join the existing GGC community composed of over 370 companies worldwide. New members of the community are selected every year through a competitive process. Individuals with a strong understanding of companies that might qualify are invited to submit nominations or encourage companies to nominate themselves for the 2015 selection process. To nominate a company, please complete the online form here.
At this year’s Annual Meeting of the New Champions, the Forum will welcome a total of 106 new Global Growth Companies selected from regions across the globe. These companies will have the opportunity to contribute to the Forum’s meetings, projects and knowledge products, which in turn support them on their path to achieving responsible and sustainable growth.
Together with the Social Entrepreneurs, Technology Pioneers, Young Global Leaders, Global Shapers and Young Scientists, the GGCs make up the New Champions, a larger World Economic Forum community of pioneers, disruptors and innovators. They will convene in Tianjin at the eighth Annual Meeting of the New Champions, under the theme, Creating Value through Innovation.
At the Meeting, which will take place from 10 to 12 September, more than 1,900 participants from 90 countries will focus on how innovation can generate better value to society.
The World Economic Forum is an international institution committed to improving the state of the world through public-private cooperation in the spirit of global citizenship. It engages with business, political, academic and other leaders of society to shape global, regional and industry agendas.
Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is independent, impartial and not tied to any interests. It cooperates closely with all leading international organizations (www.weforum.org).