Chinese tech giants
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Chinese tech is on the rise but not threatening US tech titans…so far - Chinese tech giants are not anymore mere copycats: they develop specific technologies and innovative business models. Most are trying to expand beyond Chinese market and some have already become global leaders. US tech titans still hold ground: they champion revenues and profits but Chinese tech giants are growing faster. The tide is rising.
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Chinese tech giants
- 1. Axioners Strategy Consulting - © 2018 Market capitalization Revenues Operating margin Operating profit 2017 last quotation ($Billions) Variation 2017 over 2016 2017 ($Billions) Variation 2017 over 2016 2017 2017 ($Billions) Variation 2017 over 2016 Search Founded 1998 New York Nasdaq 732 +34% 111 +23% 33% 37 +3% Founded 2000 New York Nasdaq 81 +43% 13 +28% 18% 2 +67% Social entertainment Founded 2004 New York Nasdaq 513 +55% 41 +47% 60% 24 +50% Founded 1998 Hong Kong SEHK Dual listing 493 +117% 36 +67% 38% 14 +71% E-commerce Founded 1994 New York Nasdaq 564 +58% 178 +31% 2% 4 -2% Founded 1998 New York NYSE 442 +102% 34 +59% 31% 10 +62% Device Founded 1976 New York Nasdaq 861 41% 239 +10% 27% 64 +9% Founded 1987 Privately owned in China Not listed - 93 +23% 9% 9 +26% Chinese tech giants are not anymore mere copycats: they develop specific technologies and innovative business models. Most are trying to expand beyond Chinese market and some have already become global leaders. US tech titans still hold ground: they champion revenues and profits but Chinese tech giants are growing faster. The tide is rising. Chinese tech is on the rise but not threatening US tech titans…so far • Pair groupings of companies by activities should not mislead about the actual differences in their respective business models and core markets • Tencent and Alibaba’s market capitalization has surged in 2017 and is now on par with their US counterparts Sources : Financial statements, ycharts for market capitalization Apple and Alibaba’s financials have been annualized (calendar year rather than fiscal year) in order to provide a comparable basis Axioners Strategy Consulting - © 2018 www.axioners.com • US tech titans capture most of the revenues and profits but growth sides with Chinese tech giants on all counts • Facebook achieved a record 60% operating margin in 2017 • Huawei is the worlds’ largest telecom equipment manufacturer