OPINION30 October 2017

China’s terrific three

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In the West, the ‘Fearsome Five’ – Apple, Amazon, Google, Facebook and Microsoft – dominate market power and thinking to such an extent that it is hard to appreciate that in China, the world’s biggest consumer block, the media ecosystem is overwhelmingly dominated by Tencent, Alibaba and Baidu. But how much do we know about these Chinese titans in the West? By Lorna Tilbian.

Tencent officers media, entertainment, payment systems, internet and mobile phone value-added services and operates online advertising services; it has a market capitalisation of $350bn. It is one of the largest internet companies globally, leads in gaming,  and owns mobile chat service WeChat. 

Alibaba is ...