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Bloomberg BusinessWeek has published the list of 50 Tech Hot Growth Companies 2010. This ranking is based on various factors such as sales growth, return on invested capital, and the change in number of employees.

This year’s list confirms that China is officially a technology powerhouse with two of the five top companies represented by Chinese firms. Tencent Holdings (OTCPK:TCEHY) took the number one spot and Baidu (NASDAQ:BIDU) took the third place. U.S. Technology giant Apple (NASDAQ:AAPL) took the second place. This is the first time that a Chinese company has taken the number 1 and number 3 ranks.

In terms of representation, U.S.companies dominate the list as usual. In addition, based on market capitalization as of October 15th, 2010 U.S. firms Apple (AAPL), Oracle (NYSE:ORCL) and Cisco (NASDAQ:CSCO) take the top 3 ranks. Wipro (NYSE:WIT) and Infosys Technoliogies (NYSE:INFY) are among the four Indian outsources that made it to this list.

The Top 25 Tech Hot Growth Companies 2010 are listed below:

S.No. Name Ticker Country Sales (in billions)
1 Tencent Holdings OTCPK:TCEHY China $2.6billion
2 Apple AAPL U.S. $65.2 billion
3 Baidu BIDU China $987 million
4 Lam Research LRCX U.S. $2.6 billion
5 Aixtron AIXG Germany $918 million
6 Cognizant CTSH U.S. $4.2 billion
7 Software AG Germany $1.5 billion
8 Vtech Holdings VTKHY Hong Kong $1.6 billion
9 Oracle ORCL U.S. $29.4 billion
10 Western Digital WDC U.S. $10 billion
11 Varian Semiconductor Equipment Associates VSEA U.S. $831 million
12 Shanda Interactive Entertainment SNDA China $818 million
13 Super Micro Computer SMCI U.S. $780 million
14 CGI Group GIB Canada $3.6 billion
15 Atheros Communications ATHR U.S. $886 million
16 SMART Modular Technologies SMOD U.S. $703 million
17 ASML Holding ASML Netherlands $4.8 billion
18 Tech Mahindra India $1.1 billion
19 Accenture ACN Ireland $23 billion
20 Tata Consultancy Services India $6.3 billion
21 ASM International ASMI Netherlands $1.5 billion
22 Autonomy Corp. OTC:AUTNF Britain $849 million
23 Research in Motion RIMM Canada $16.9 billion
24 Simplo Technology Taiwan $1.2 billion
25 Elematec Japan $1.2 billion

The full list of 50 companies can be found here.

Disclosure: None