Alibaba was crowned China's most valuable internet company in 2018, as its value surpassed Tencent to reach 3.16 trillion yuan ($470.15 billion) last year, according to a list released by iiMedia Research.
The internet consultancy unveiled the top 100 Chinese internet companies based on market or assessed values, of which 80 percent have traded publicly.
The past year has seen many internet companies floated, including Xiaomi and Meituan Dianping. In iiMedia's analysis of this listing rush by internet companies, the consultancy found many do not yet have a mature business model. This may alleviate these companies' financial stress and help them grab a larger market share, but huge unknown risks also lurk farther down the road.
In addition, the number of companies involved in industries like e-commerce, internet service, training and education, and artificial intelligence was on a rise.
Now let's look at which internet companies entered the top 10 last year.
No 10 Meituan Dianping
Value: 250 billion yuan
No 9 360 Security Technology Inc
Value: 255.4 billion yuan
No 8 Xiaomi
Value: 306.9 billion yuan
No 7 Didi Chuxing
Value: 320 billion yuan
No 6 JD
Value: 333.8 billion yuan
No 5 Bytedance
Value: 400 billion yuan
No 4 Baidu
Value: 524.2 billion yuan
No 3 Ant Financial
Value: 800 billion yuan
No 2 Tencent Holdings Ltd
Value: 3.14 trillion yuan
No 1 Alibaba Group Holding Ltd
Value: 3.16 trillion yuan
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