The Chinese Internet Story
Chinese firms were seldom thought of being anything apart from copies of their western counterparts. The snobbish inhabitants of Silicon Valley never thought that these companies would amount to much. However, the reality has become very different.
China today has about 25% of the worlds unicorns i.e. tech startups with a valuation greater than $1 billion! This is remarkable given that China is a closed economy and the internet users face censorship and high regulation.
China is only second to the United States in terms of the number of unicorns, and some of these unicorns are galloping ahead threatening the supremacy of their western counterparts. In this article, we will understand the Chinese internet story in more detail.
Some of Chinas Top Internet Firms
Few people outside China know and use the services of these firms. It is therefore surprising to know the scale at which these companies have grown in a relatively short period.
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