When Alibaba listed on the New York Stock Exchange in September 2014, it was the largest initial public offering ever at US$25 billion and has rapidly become one of the world’s most valuable companies with a market value of US$253 billion.  Although China’s technology and internet industry was already well developed, it was a watershed moment signaling that China’s internet industry had arrived on the world stage.

The following information does not take into account your personal objectives, financial situation or needs. You should consider if the relevant investment is appropriate having regard to your own objectives, financial situation and needs.

 

Today, the top 3 listed Chinese internet companies (Alibaba, Baidu and Tencent) have a combined market value of US$574 billion, the only country to produce technology companies that rival the market value of their U.S. counterparts.  Even privately held startup companies are achieving significant valuations in their private funding rounds with 4 of the top 10 most valuable private technology companies originating from China.  According to PwC, venture capital investments in Chinese internet companies (US$20.3 billion) exceeded U.S. companies (US$16.3 billion) for the first time ever in 2015.

Privately owned tech companies

The Chinese technology industry no longer consists of just commodity-like hardware manufacturing companies or ‘copycat’ companies. They are at the forefront of the internet and software innovation, particularly in mobile.

 

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What are the main reasons for this phenomenon and which companies are leading the way?

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About Kevin Hua

Kevin Hua is a Co-Founder of AtlasTrend, an online investment platform that makes it easy for anyone to learn and invest in trends transforming our world. Kevin has over 19 years experience in financial markets including as Senior Portfolio Manager at Atrium Investment Management and Stark Investments.