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FORTUNE.COM // NOVEMBER 2019
Autodesk
27 U.S. (ADSK, $148)
The self-described
software maker for
“people who make
things” is reshaping its
business for the cloud
era, transitioning to-
ward subscriptions.
Revenue was up 25%
last year. The company
is on an acquisition
tear, but trade worries
remain a concern.Adobe
25 U.S. (ADBE, $274)
Though some analysts
warn growth may be
cooling somewhat,
Adobe posted a record
third quarter. The
maker of Photoshop
and Acrobat, Adobe
has spent the past five
years boosting its rev-
enue, stock price, and
portfolio as it pushes
into digital marketing.Dassault
Systèmes
20 FRANCE (DASTY, $148)
This subsidiary of
France’s Dassault
Group—better known
for its aviation busi-
ness—is booming
thanks to its “3D Expe-
rience” product-design
platform. Sales for the
first half of 2019
jumped 17%.Tencent
12 CHINA (TCEHY, $41)
Though Tencent is best known for its gam-
ing businesses—it has a growing 55% mar-
ket share in mobile gaming—and WeChat,
its social messaging app, the tech giant is
aggressively expanding into cloud comput-
ing and artificial intelligence. (It is a large
investor in 20% of China’s top A.I. startups.)Twitter
13 U.S. (TWTR, $40)
Twitter has become a critical cog in the
modern communications infrastructure
while posting double-digit revenue growth
and free cash flow of $1 billion in 2018. For
good or ill, Twitter is the future of communi-
cation: loud, powerful, and lucrative.NetEase
19 CHINA (NTES, $256)
ORIGINALLY AN INTERNET services company,
NetEase grew into a gaming giant through
licensing popular titles such as World of
Warcraft and Starwatch to the Chinese
market. In recent years, the company has
transitioned toward creating its own prod-
ucts. Its investment in Quantic games,
which aims to build titles incorporating
new technologies, signals it’s taking on
formidable competitors like Tencent.DIGITAL
COMMUNITIES
RE ADER: COURTESY OF SQUARE; OFFICE: COURTESY OF ATL ASSIAN; GAME: COURTESY OF NETE ASE NetEase’s Battle for Karanvale—Part 2