Most Innovative Companies 2012 - Industries Top 10 - China

Top 10 China

01 - Tencent
For fueling China’s Internet boom—and boldly moving West. Chinese Internet giant with Facebook-like numbers—more than 700 million users, $3 billion in revenue, and $1 billion in profits—is pushing QQ mobile onto western platforms such as the Apple App store and European application store GetJar. It's leading the pack in imperializing the U.S. social gaming market, as evidenced by a recent partnership with Zynga and a purchase of California-based Riot Games that represents one of the largest acquisitions of an American company by a Chinese company. READ MORE

02 - Greenbox
For selling the best kiddie clothes in China. The upstart fashion brand caters to China’s burgeoning middle class with high-end, super-styled children’s outfits, with an emphasis on product quality (and safety). The company recently scored the rights to Disney’s Princesses collection, Mickey and Minnie Mouse, and Winnie the Pooh for a co-branded collection called Disney by Greenbox. READ MORE

03 - UnitedStyles
For giving the consumer all the power. The Shanghai-based company lets users design, order, share, and preview their own clothing through a Facebook Connect-enabled service. The clothing is remarkably desirable, wearable, and affordable. The service offers a wide away of basic style options; the user can choose and edit prints, both in scale and color (or create their own) before seeing it modeled on a 3D figure. Pieces go for $50 to $100, on average. All garments are produced by Chinese digital textile printers, and will ship toconsumers within a month of ordering. And don't worry, fellas: UnitedStyles plans on expanding into men's wear.

04 - Lenovo
For making moves to become China's first global brand. China's top-selling PC maker continuously outpaces its competition in speed, quality, and innovation (it unveiled the first-ever eye-controlled laptop in 2011). But, says CMO David Roman, "the business is ahead of the brand." Lenovo launched its first-ever branding campaign, which has a global reach and irreverence that mirrors the company's own East-meets-West culture.

05 - Suntech Power
For meeting energy needs abroad. Because solar power demands have dropped at home, China's Suntech Power has moved on to the market boasting the world's fastest solar power expansion: India. The renewable energy-starved country has vowed to increase its solar power use from 140 megawatts to 20,000 by 2020. Suntech has already sold panels to Indian solar power farms and to Grameen Shakti, a program making solar homes in rural Bangladesh an affordable and popular option.

06 - Renren
For moving beyond "The Facebook of China." Renren, the largest "real-name" social network site, differentiated itself further from China's chaotic social media landscape when it began trading on the NYSE last spring. While it originally began as a Facebook clone, it has acquired instant messaging (in a partnership with MSN), light blogging, video sharing, and gaming capabilities.

07 - BYD
For being the first to bring electric to public transportation. The ever-innovative Chinese automobile company created the world's first purely electric bus. BYD's e-BUS 12 releases zero emissions, can go for more than 150 miles on a single charge, and uses solar panels located on the roof to convert solar energy into electricity. The buses have been tested in China, Southeast Asia, and Europe; Hertz car rentals will use the buses to transport passengers at LAX.

08 - Innovation Works
For supporting the next wave of buzzy Chinese tech startups. The Beijing-based investment company provides in-house coaching and funding to early-stage companies in China's ever-expanding tech markets. Its portfolio holds 12 startups, including AppChina, a company that aspires to create the largest third-party Android marketplace in China, and Tapas, a new Android-based smartphone operating system to cater to China's unique mobile needs.

09 - Alibaba
For daring to take Apple's mobile market share. Last summer AliCloud, the company's cloud computing arm, launched a cloud-powered mobile OS and the first cloud-based mobile device in the summer. Web-based apps on the K-Touch Cloud-Smart Phone are accessed through the cloud, ending downloads and installations; users can also sync their data (texts, contacts, photos, you name it) to AliCloud's data center and have access to their content on different devices.

10 - Huawei
For stepping outside its comfort zone. The controversial telecom service pushed its way into Nigeria as part of its relatively new presence in the consumer market. In May it began selling $170 smartphones in the country, the cheapest on the market, and put $1 million towards advertising to appear more favorable among Nigeria's brand conscious consumer. Huawei's money may prove to be in the right place at the right time—Nigeria saw a 1,280% boom in smartphone use last year.

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