Mike Orcutt

A View from Mike Orcutt

Chinese Companies Are Changing the “State of the Internet”

Venture capitalist Mary Meeker’s comprehensive Internet report shows how quickly Chinese companies are gaining online clout.

  • May 29, 2014

The Internet evolves quickly and its “state” changes a lot in a year. One big shift highlighted in Kleiner Perkins venture capitalist Mary Meeker’s annual report on online trends: four of the top 10 most popular Internet properties are now held by Chinese companies—up from just one a year ago.

Only a year ago, Tencent, a leader in China’s social networking and gaming scene and maker of the wildly popular chat app WeChat, was the the 10th most popular Internet property, by a count of  global monthly unique visitors. It was also China’s lone representative in the top 10, with the other nine slots held by U.S. companies.

Data from this year is shown on the chart below. Not only has Tencent risen two spots, it is also now accompanied in the top 10 by three Chinese peers. Sohu and Baidu are search engines that offer a variety of other services. Alibaba, the e-commerce giant planning an enormous U.S. IPO, is now the most popular Chinese-owned Internet property in the world. At the rate the Internet’s popularity is growing in China, especially in the mobile arena, it would not be a surprise if next year’s list featured even more Chinese companies (see “Alibaba’s Big Rivals May Have a Mobile Edge).

Cut off? Read unlimited articles today.

Become an Insider
Already an Insider? Log in.

Uh oh–you've read all of your free articles for this month.

Insider Premium
$179.95/yr US PRICE

More from Connectivity

What it means to be constantly connected with each other and vast sources of information.

Want more award-winning journalism? Subscribe to Insider Plus.
  • Insider Plus {! insider.prices.plus !}*

    {! insider.display.menuOptionsLabel !}

    Everything included in Insider Basic, plus ad-free web experience, select discounts to partner offerings and MIT Technology Review events

    See details+

    What's Included

    Bimonthly home delivery and unlimited 24/7 access to MIT Technology Review’s website.

    The Download. Our daily newsletter of what's important in technology and innovation.

    Access to the Magazine archive. Over 24,000 articles going back to 1899 at your fingertips.

    Special Discounts to select partner offerings

    Discount to MIT Technology Review events

    Ad-free web experience

/
You've read all of your free articles this month. This is your last free article this month. You've read of free articles this month. or  for unlimited online access.