
Information Transmission, Software and Information Technology Services
In 1987, China sent its first email — a message that read “Crossing the Great Wall to Join the World” — from a lab in Beijing to a research university in Germany. It was not until 1994, though, that China opened a permanent link to the internet and began hosting servers and web pages. There were just over 20 million Chinese internet users in 2000. By 2020, that number had grown to 989 million. Although China tops other countries in the number of internet users (almost three times the number of the United States), its internet penetration rate still has a way to go (only 69% compared with 96% in the U.S.).
China’s internet is closely monitored by the Cybersecurity Administration of China. But despite trenchant political censorship, China’s internet industry is booming: Companies are innovating beyond the level of their Western peers in everything from communication to ecommerce to finance to consumer retail. Most of China’s biggest internet companies are backed by or controlled by a handful of technology giants: Baidu, Alibaba, Tencent, JD, Meituan, Pinduoduo, and ByteDance, which are now all under government scrutiny for monopolistic behavior.
Of those companies, Alibaba and Tencent are omnipresent in almost all Chinese citizens’ lives: Alibaba has long dominated ecommerce, payments, and fintech services, while Tencent’s WeChat started out as a messaging service but has become an unparalleled super-app and the primary way that many Chinese people access the internet.
All companies in Information Transmission, Software and Information Technology Services
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- Company name
- Revenue
- Assets
- Employees
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Taobao (China) Software
- USD 7 B
- 7957
-
Beijing Huapin Borui Network Technology
- USD 298.0 M
- 3,388
-
Baijiahulian
- USD 1.1 B
- 1,000-1,999
-
Beijing Kingsoft Cloud
- USD 1.4 B
- 10,209
-
Guangzhou Lizhi Network Technology
- USD 230.3 M
- 658
-
Guangzhou Huaduo Network Technology
- USD 2.0 B
- 7,931
-
Beijing Weimeng Chuangke
- USD 2.3 B
- 6,147
-
Beijing Sohu
- USD 186.6 M
- 3000
-
Tuniu Corporation
- USD 66.90 M
- 1916
-
Sohu
- USD 186.6 M
- 4900
-
Beijing iQiyi
- USD 4.8 B
- 5,856
-
Baidu (China)
- USD 15.4 B
- 42,267
-
Qianjin Network Information Technology (Shanghai)
- USD 565.4M
- 8875
-
Tuniu
- USD 66.90 M
- 1916
-
51job
- USD 565.4M
- 8875
-
Kingsoft Cloud Holdings
- USD 1.4 B
- 10,209
-
Huawei
- USD 136.7 B
- 197,000
-
Youdao Computer
- USD 485.4 M
- 4949
-
Taobao
- USD 72.3 B
-
Lenovo
- USD 60.7 B
- 71,500
-
Baidu
- USD 19.7B
- 42,267
-
ByteDance
- USD 34.3 B
- 110,000
-
iQiyi
- USD 4.8 B
- 5,856
-
Kuaishou
- 21,499
-
Hangzhou Cainiao Supply Chain Management
- USD 6.3M to 7.1M
- Less than 50
-
IceKredit
- USD 21.0 M
- >100
-
Tmall
- USD 72.3 B
-
Luxshare Precision
- USD 14.6 B
- 172,410
-
Codemao
- USD 395.5 M
- 7,000
-
Tencent
- USD 74.0 B
- 85,858
-
Weibo
- USD 2.3 B
- 6,147
-
Alibaba (Beijing) Software Services
- USD 3.2 M
-
Xiaohongshu
- 1000
-
Alibaba
- USD 72.0 B
- 251,462
-
Yuanxin Technology
- USD 567.3 M
- 3,980
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