The US and China dominate global business like never before thanks to their technology giants. However, Europe is growing technology scale-ups at a faster pace than ever. These firms are having a vital economic impact on shareholder value and employment throughout the continent. — China and America dominate global business like never before Back in 2000, the promise of the single market and an impressive 41 of the world’s 100 largest companies made Europe’s international business eminence seem future-proof (1). Today, only 16 of the top 100 firms by market cap are European, while the US and China account for 76 of these.