This document is being provided for the exclusive use of (Foo Alvin Suang Chee - alvin@foo.my).
China Internet
Report 2020
July 2020
This document is being provided for the exclusive use of (Foo Alvin Suang Chee - alvin@foo.my).
China has emerged on the world stage with a range of global tech companies that are
innovative and competitive. And increasingly, their successes are being studied and
replicated in other markets.
This third edition of the China Internet Report delves deeper into China’s drive to be a
global leader for innovation, and examines the opportunities and challenges for its
technology-led industrial transformation.
China’s sheer scale and impact as an emerging global trendsetter make the China
Internet Report a must-read for global business, policy, marketing, and technology
decision-makers.
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This document is being provided for the exclusive use of (Foo Alvin Suang Chee - alvin@foo.my).
Contents
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2
3
CHINA AT A GLANCE
TOP TRENDS FOR 2020
TOP FUNDED START-UPS
3
11
39
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China vs U.S. Internet
Source: China Internet Network Information Center, National Bureau of Statistics of China, Worldometer, Pew Research, eMarketer
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This document is being provided for the exclusive use of (Foo Alvin Suang Chee - alvin@foo.my).
China vs U.S. Players by Key Verticals (1 of 2)
Source: SCMP Analysis
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This document is being provided for the exclusive use of (Foo Alvin Suang Chee - alvin@foo.my).
China vs U.S. Players by Key Verticals (2 of 2)
Source: SCMP Analysis
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This document is being provided for the exclusive use of (Foo Alvin Suang Chee - alvin@foo.my).
Top Chinese Internet Players (1 of 2)
Rank
Company
CEO
Selected Investors
Pony MA
IDG Capital, PCCW, Lippo Group, Prosus & Naspers
Daniel ZHANG General Atlantic, SoftBank, Goldman Sachs, DST Global, GIC
General Atlantic, Sequoia Capital, GIC, Silver Lake Partners, Temasek
Holdings
Simon HU
WANG Xing Tencent Holdings, Qiming Venture Partners, DST Global, GIC,
Lightspeed Venture Partners
ZHANG Yiming Sequoia Capital China, SIG Asia Investments, Softbank Group
Tencent Holdings, Sequoia Capital China, Cathay Innovation, IDG
Capital, Gaorong Capital
Lei CHEN
Richard LIU Walmart, DST Global, Google, Sequoia Capital China, Tiger Global
Tencent
Holdings
Alibaba
Ant Group
Meituan-
Dianping
ByteDance
Pinduoduo
JD.com
1
2
3
4
5
6
7
8
9
Netease
DING Lei
Management
SoftBank Capital
Didi Chuxing
CHENG Wei Matrix Partners, Tiger Global Management, Softbank Corp.,
10
Xiaomi
LEI Jun
Qiming Venture Partners, Goldman Sachs, DST Global, Deutsche Bank,
GIC
AS OF JUN 30, 2020
Market Cap /
Valuation (US$bn)
631
579
200
134
110
102
93
69
53
42
Listed on
HKG: 700
NYSE: BABA;
HKG: 9988
Private
HKG: 3690
Private
NASDAQ: PDD
NASDAQ: JD;
HKG: 9618
NASDAQ: NTES;
HKG: 9999
Private
HKG: 1810
1Financial figures presented in this report are in USD; if original reported figures were in RMB, the report used a last-90 day average conversion rate of 7.1428
Source: Crunchbase, CB Insights, Hurun, ITjuzi, SCMP Analysis
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This document is being provided for the exclusive use of (Foo Alvin Suang Chee - alvin@foo.my).
Top Chinese Internet Players (2 of 2)
AS OF JUN 30, 2020
Rank
Company
CEO
Selected Investors
Listed on
Market Cap /
Valuation (US$bn)
Robin LI
Tencent Holdings, Lenovo, GIC, IDG Capital, Sequoia Capital China
NASDAQ: BIDU
Baidu
Lufax
11
12
13
14
15
16
17
18
19
20
Gregory D GIBB CICC, Goldman Sachs, Macquarie Group, COFCO, JP Morgan Chase
JD Logistics WANG Zhenhui Tencent Holdings, Sequoia Capital China, Hillhouse Capital Group, K3
Ventures, ICBC International
Morningside Venture Capital, Sequoia Capital, Baidu
Kuaishou
SU Hua
Tencent Music Cussion PANG Spotify
WeBank
Cainiao
Logistics
JD Digits
Qihoo 360
GU Min
WAN Lin1
CHEN
Tencent Holdings
Alibaba Group, GIC, Temasek Holdings, Khazanah Nasional, Primavera
Capital Group
CICC, Sequoia Capital China, COFCO, China Creation Ventures (CCV),
Intonation Ventures
Qiangsheng
ZHOU Hongyi Matrix Partners, Sequoia Capital China, Redpoint, IDG Capital, Aier Eye
Hospital Group
Xiaomi, Sequoia Capital, IDG Capital, Shunwei Capital, Providence
Equity Partners
iQiyi
GONG Yu
Private
Private
Private
NYSE: TME
Private
Private
Private
SHSE: 601360
NASDAQ: IQ
42
39
30
28
22
21
20
20
18
17
1President
Source: Crunchbase, CB Insights, Hurun, ITjuzi, SCMP Analysis
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