Xiaomi
19 CHINA (HK: 1810 , $3)Rising tensions
between China and
India threatened to
derail the Chinese
smartphone maker’s
growth prospects
this year. But Xiaomi,
which derives
roughly 20% of its
revenue from India,
has weathered the
storm thus far. Glob-
ally, the company re-
cently surpassed Ap-
ple in phone sales
and hopes its bur-
geoning smart-home
device business will
sustain its growth.Foshan
HaitianFlavouring
& Food
28 CHINA
(SS: 603288 , $25)China’s biggest
soy-sauce maker is
already beloved by
home cooks, but the
rising popularity of
restaurants and
food delivery should
be good for busi-
ness too. The pan-
demic dented Fo-
shan’s catering arm,
but its retail sales
helped make up for
those losses.TAL Education
Group
11 CHINA (TAL, $ 74 )TAL’s stock dipped
earlier this year after
a short-seller alleged
it had inflated its net
income, an accusa-
tion TAL denies. But
the after-school edu-
cation firm bounced
back strong; shares
are up close to 54%
this year as the pan-
demic helped boost
its nascent online tu-
toring business. Ana-
lysts at HSBC project
the online unit’s reve-
nue will continue to
roughly double on an
annual basis.RIDING CHINA’S GROWTH
Haidilao International Holding
14 CHINA (HK: 6862 , $7)After opening its first outlet in China’s
Sichuan province in 1994, Haidilao has built
a $38 billion hot pot empire by focusing
on unique services and efficiency. Robots,
introduced in 2018, buzz around restaurants
to deliver ingredients to diners, and employ-
ees dole out free gift bags and manicures to
customers waiting for tables. As the Chinese
hot pot market reaches saturation, Haidilao
is counting on continued growth abroad.
The company now has outlets in nearly a
dozen countries and hopes to hook overseas
diners on one of China’s most popular culi-
nary experiences.A HOT STOCK
Diners indulge in a hot pot meal at one
of Haidilao’s outposts in Hong Kong.THE FUTURE 5 0 • THE LIST 2021HAIDILAO: ANTHONY KWAN—BLOOMBERG VIA GETTY IMAGES