In this blog, we are going to tell you what are the fastest-growing companies in the world? and sure if you want to you can invest in these companies and you would get a high return also.
This article includes companies from every sector, some are old giants while some are new companies who are coming in limelight.
In this covid period, many companies suffer from huge losses some are even bankrupt but some companies are shattering the roof as well and making huge profits and their growth is off the charts.
There is no surprise that the first company on our list is Tesla. Tesla is the fastest-growing company in the world in 2021. Tesla is an American car company and it is managed by Elon musk, he is the owner of this company as well.
The growth rate of Tesla in 2021 was massive and the company performed too good in 2021 and it became the most valuable car company in the world. Tesla suffered from covid and they couldn’t deliver the cars to their customers because of covid the production of cars was stopped.
But the First quarter of 2021 was the opposite of it, the company growth in the first quarter of 2021 was an enormous 158%. If you want to know more about Tesla then we have made a blog on it. Click here to read it.
2) Alibaba group:
Alibaba is a multinational Chinese B2B company and its value in 2021 is over $500 billion and it is one of the largest e-commerce companies in the world. You can buy products from Alibaba at a wholesale price. The company was founded by Jack Ma with his friends
Many big e-commerce stores and businesses rely on Alibaba for their products and by the end of half of 2021, the company saw a growth of 108% which is huge for a Chinese company in the Covid period.
Apple is not a new name in the game, it is the biggest company in the world with a market cap of $2.4 trillion and it is surprising that during the 46th year of the company it still managed to be on the fastest-growing companies list.
This clearly shows the dominancy of Apple in the business world and how apple bullies its competitors. The growth of Apple in 2021 was 87% which is huge for a company this old.
The fourth company on this list is Appfolio, many of you haven’t heard of this company. Appfolio is a cloud-based software company that deals with property management.
It was founded in 2006 by Klaus Schauser and Jon Walker and its headquarters are in California, U.S.A. The annual growth rate of Appfolio is 34%.
JD.com is also a Chinese e-commerce company and it is one of the biggest online retail companies and the biggest retail company in China. It sells a vast variety of products from makeup products to Apparel.
Tencent also owns 20% shares in this company. By the end of March 2021, the company growth was 39%
This is also not a new name, Netflix is one of the biggest entertainment companies in the world. During this lockdown and covid period, Netflix growth was off the chain because the people were in their homes and they were just enjoying Netflix.
Netflix is enjoying the limelight from the past few years and the growth is also huge because people are enjoying the movies and shows at their home rather than going into theatres to watch their favourite movies.
Netflix annual growth rate was 32%.