Reasons to Read

The landscape of China’s digital economy has changed dramatically, with some existing players losing share of consumers’ time spent on digital platforms (e.g., Baidu), and a number of new companies gaining share (such as Internet unicorn ByteDance, which owns TikTok).

We assess the current marketplace and review a number of trends across the following key topics:

• The changing popularity of different digital ecosystems among mobile users
• The evolution of Alibaba’s and Tencent’s stock prices
• The investment portfolios of Alibaba and Tencent

Our infographic maps Alibaba’s and Tencent’s digital ecosystems.