Industry sector: Automotive

Headquarters: Hangzhou

Geely began life back in 1986 as a refrigerator manufacturer, but soon diversified into the automotive sector and has since gone from strength to strength. The company’s 2010 acquisition of troubled Swedish carmaker Volvo served as an unmistakable statement of intent to the global industry. Today, Geely stands out in the market as a private company that has placed intellectual property and innovation at the heart of its business strategy; the Volvo purchase has only served to enhance its rights portfolio.