Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Economy

HOME > Economy


Listed Chinese internet companies see market capitalization surge in Q1

April 15, 2019


Abstract : China's listed internet companies worldwide see their market capitalization surge in the first quarter of 2019, according to a report released by the China Academy of Information and Communications Technology (CAICT).

BEIJING, April 13 (Xinhua) -- China's listed internet companies worldwide see their market capitalization surge in the first quarter of 2019, according to a report released by the China Academy of Information and Communications Technology (CAICT).

The market capitalization of 172 listed Chinese internet companies amounted to 10.19 trillion yuan (about 1.52 trillion U.S. dollars) in Q1, up 27.4 percent month on month, the report showed.

The surge was attributed to the bullish global stock market and the increasing number of newly-listed companies, said the report.

Among the top 30 listed internet companies worldwide, 11 of them are from China with a market capitalization of 950 billion dollars.

In breakdown, among the 11 Chinese listed internet companies, the e-commerce giant Alibaba Group, tech giant Tencent and search engine giant Baidu took up the top three spots with a combined market capitalization of about 6.5 trillion yuan as of Q1.

In Q4 last year, the listed Chinese internet companies generated revenue of 509.3 billion yuan, up 30 percent year on year, CAICT data showed.

Businesses of e-commerce, social networks and games contributed over 80 percent to the companies' revenue, according to the report.


Related Coverage

Focus

Think Tank

  • 'Make in India' and 'Made in China' not zero-sum gam...

    March 1, 2019

    The success "Make in India" initiative will not only be conducive to the de...

  • The fledgling Greater Bay Area needs ‘affable guida...

    February 28, 2019

    From the examples of three bay areas, namely New York, San Francisco and Tok...

  • Economy can resist external pressure

    February 28, 2019

    China is capable of dealing with any pressure because it is committed to dee...

  • Household debt ratio not a cause for concern

    February 26, 2019

    For many families, the mortgage payment to household income ratio is unreaso...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial