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Asia is home to 50% of world's fastest growing companies

Tencent leads 1,679 'ten baggers' and India emerges as top incubator, data show

Tencent scored a 33-fold increase in market capitalization to $437.8 billion over the past decade. (Nikkei montage/Reuters)

TAIPEI/SHANGHAI -- Ten years after the global financial crisis, Asia is booming. Buoyed by more affluent consumers, companies there have experienced explosive growth. Their next challenge, as local economies mature, will be pitching their products to the rest of the world.

1,679 Asian companies have increased their market capitalizations by more 10 times over the past decade, according to a breakdown of Nikkei data. That is more than half of all "ten baggers" around the world. The figure does not include companies in the Middle East, Central Asia or Japan.

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