The mainland has edged past Taiwan as the market with the most number of fast-growing technology, media and telecommunications companies in the Asia-Pacific, according to a survey by global advisory firm Deloitte. The Deloitte Technology Fast 500 Asia-Pacific ranking showed 128 mainland firms make the list, compared with 108 from Taiwan. This was the second time since 2010 that the mainland has overtaken Taiwan in the annual survey, which measures 500 private and public technology, media and telecommunications companies that record the highest revenue growth rates over three years. Deloitte estimated the average revenue growth of the firms in this year's survey reached 356 per cent, against last year's 467 per cent. But it said the top five companies this year posted a three-year average revenue growth of 10,589 per cent, higher than those in the previous four surveys. For the top 10, the gains were 6,483 per cent, compared with 5,209 per cent last year. Jolyon Barker, the global managing director for technology, media and telecommunications at Deloitte, yesterday said nine firms in this year's survey posted revenue surpassing US$1 billion, while 60 companies had turnover between US$100 million and US$1 billion. "Asia-Pacific technology companies continue to fare well in spite of the slowdown in the China economy and the sluggish economic growth in the United States and Europe," Barker said. While the mainland had more companies in this year's list, the top-ranked company emerged from Taiwan for the seventh time in 12 years. China Communications Media Group (CCMG), one of the largest mobile application software developers operating on the mainland, recorded a three-year average revenue growth of 26,584 per cent. Company chairman Albert Lin Weijun said: "CCMG has benefited from the fast proliferation of smartphones, higher wireless internet speeds and the exponential growth of wireless applications." Beijing-based Cavaville Energy Services, a green technology solutions provider in the oil and gas sector, was the highest ranked mainland company at No 12. Its three-year, average revenue growth was 1,841 per cent. Software led all industry categories in this year's survey, with CCMG leading a group of 161 companies. The semiconductors, components and electronics industry was ranked second, while the internet sector took third.