This document discusses the growth of Chinese mobile internet companies and their expansion globally. It provides the following key points: 1) Chinese mobile internet companies are growing rapidly, with 54 internet "unicorns" in China out of 200 worldwide. Several Chinese manufacturers are also among the top smartphone producers globally. 2) Two Chinese mobile apps, 360 Security and CleanMaster, are popular in both the US and Japanese app stores, showing early success breaking into global markets. 3) SIG's portfolio includes successful Chinese mobile companies like Camera360, APUS, TouchPal and 5miles that have achieved significant user bases, funding, and valuations. These companies are looking to further expand internationally. 4) The

1. Making Global Internet Startups
from China
Tim Gong, Managing Partner
Susquehanna International Group Asia Investments

2. Worldwide Smartphone Sales to End Users
by Operation System in 1Q2015 vs 1Q2014
Android iOS Windows Blackberry Other OS
20151Q Units 265,012,000 60,177,000 8,271,000 1,325,000 1,268,700
20141Q Units 227,549,000 43,062,000 7,580,000 1,714,000 1,731,000
0
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
20151Q Units
20141Q Units
Source: Gartner (May 2015)
78.8%
17.9%
2.5%
0.4%
0.4%
Android
iOS
Windows
Blackberry
Other OS
20151Q Smartphone Market Share
Units in 1Q 2015
Units in 1Q 2014

3. Worldwide Smart Phone Sales to End Users
by the manufacture in 1Q2015 VS 1Q2014
Source: Gartner (May 2015)
0
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
Samsung Apple Microsoft LG Electronics Lenovo* Huawei Xiaomi TCL
Communication
ZTE Micromax
20151Q Units
20141Q Units
Units in 1Q 2015
Units in 1Q 2014
Top 10 worldwide Smartphone Manufactures Sales to End Users,
5 of them are China manufactures.

4. China manufactures are catching up fast and the sum
of 8 top China manufactures has passed Samsung
In 1Q2015, China manufactures take 23.44% of
worldwide smart phone market share in comparison
with 21.21% in 1Q2014.
China Top Smartphone manufactures:
Lenovo, Huawei, Xiaomi, TCL, ZTE, Coolpad, OPPO, HTC
23.4
21.3
13.1
7.2
4.3
1.8
29.0
21.2
23.9
9.4
10.8
3.2
1.7
19.9
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
China Samsung Apple Microsoft LG
Electronics
Micromax Others
Market Share in 1Q 2015
Market Share in 1Q 2014

5. The number of China Internet Unicorns are
growing faster than ever
There have been about 200 Internet Unicorns in the world by 1Q2015, and 54 of them
are in China. In 2016, China will generate most Internet Unicorns in the world.
15
7 6 6 5 5
3 3 2 1 1
Retail &
E-commerce
Comsumer
Software Apps
Content Gaming Social &
Communication
Classified
Directories
Travel &
Transportation
Finance Security Education Enterprise
Software

6. Google Play Free Download Top 30
11
8
4
1
2 2
1 1
0
18
2
5
0
1
2
0
1 1
0
2
4
6
8
10
12
14
16
18
20
Game Social &
Communication
Media & Music &
Video
Entertainment Photography Tools Productivity Shopping News &
Magazines
US Market
Japan market
Source: App Annie (June 15 2015)
2 China Mobile Internet Companies (360Security and CleanMaster) are on the
list of both US market and Japan market.
Other big companies of China: Wechat, MoMo, MeituPic, Carmera360, APUS

7. SIG Portfolio: Camera 360 Ecosystem

8. SIG Portfolio: Camera 360 Ecosystem
Captured Photos

9. SIG Portfolio: APUS
The world's fastest growing mobile Internet startup
180M
Total Users
$116M
Total Funding
$1B
Valuation
5th
Top 10 Google Play app &
developer worldwide
The time taken to gain 200 million
global users is about 12 months.

10. SIG Portfolio: APUS
APUS’ 180M users demographic
South Asia
Southeast Asia
Europe & Russia
The
Middle East
South
America
North
Americ
a
APUS Worldwide
Africa
Oceania
Asia

11. SIG Portfolio: TouchPal (Voice + Keyboard)
Ø TouchPal Voice is an app to provide free voice call service with
contact book and local search integration. It has over global 160
million users, 40 million DAU and the database with over 109
million phone numbers to help users identify un-known phone
call. It is the 1st mobile platform in the world to provide O2O +
yellow page + local search, where the information of over 50
million merchants can be found.
Ø TouchPal Keyboard is one of the most popular 3rd-party keyboard
apps in the world. It has over 150 million users, 50 million DAU
and supports more than 75 languages. It ranks the No.1 third
party keyboard in Google Play, and it is the first 3rd-party
keyboard running on iOS 8. Most well-known brands, such as
HTC, Sony, Alcatel, Huawei and ZTE, preload TouchPal as their
default keyboard to improve user experience.

12. SIG Portfolio: 5miles
Ø A global mobile C2C Trading Platform
Ø The time taken to reach monthly GMV of USD100 million is
expected to be less than 12 months
$0.65 $1.17 $2.21 $5.59
$13.00
$22.10
$31.20
$39.00
$49.40
$72.80
$88.40
$100.10
$133.90
$146.90
$188.50
$205.40
$224.90
$245.70
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
$300.00
Jan15 Feb15 Mar15 Apr15 May15 Jun15 Jul15 Aug15 Sept15 Oct15 Nov15 Dec15 Jan16 Feb16 Mar16 Apr16 May16 Jun16
Millions 5miles Monthly GMV

13. SIG China Portfolios
Ø Over 80 portfolios covering Internet, mobile Internet, O2O,
Internet+, SaaS, Cloud, Big data sectors
Ø Close to 300 millions DAU+UV each day, >60% is
attributed to global users
Ø Over 1 million online transaction each day, >10% is
attributed to global users

14. Why China and what is next?
MIC (Made in China) is becoming MIG (Mobile in
Global): Mobile Internet is bringing the world
closer, and SOC (Speed of China) is impacting the
globe.
Next: IOT (Roberts, Drones and etc.), Global O2O
and C2C, Digital Media Exporting

15. A person’s character isn’t determined by how
he enjoys victory, but rather how he endures
defeat.