IMD China Company Competitiveness Ranking

We have included the top key players by revenues and market cap in each industry. The ranking is based on nine main factors:

1. Business success
2. Business robustness
3. Investors’ expectations of future growth
4. R&D effort
5. Early Innovation result
6. Business diversity
7. Brand value
8. Public relation
9. ESG

These nine main factors, which carry the same weight in the overall result, comprise 36 variables. While on the variable level, the entropy weight method is used.

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All of our variables are hard data; that is, they are publicly available on company websites, annual reports, press releases, news stories, and special reports on topics such as corporate social responsibility. For press counts data, we used China’s major search engine Baidu, and counted the number of press releases on each trending topic previously identified in the industry. The data was also supplemented by thirdparty data sources from Pitchbook which specializes in the topic of corporate ventures, M&A and cross checked with its counterparty PE Data in China, Patent Search and Analysis portal by China National IP Administration, which specializes in patent search. We also used Statista, Wallmine, Stockus, Yahoo Finance, Google Finance, HKexnews and East Money.

To calculate the Indicator, first, we collected historical data for each company. Then we performed calculations for each variable before we standardized the criteria data. Next, we aggregated variables to the main factors and then determined the overall ranking. For the purpose of comparison, we ranked each company from 1 (best) to n (worst, n=sample size) on a scale of 1 to 100.