China Internet companies entered high quality development
Recently, the China Internet Network Information Center (CNNIC) released the 47th Statistical Report on Internet Development in China, showing the latest development of the Internet in China from the aspects of Internet infrastructure, the size and structure of Internet users, the development of Internet applications and Internet security.
The market value of listed enterprises hit a new high, and the trend of cluster development is obvious！
As of December 2020, the total market value of listed Chinese Internet companies at home and abroad reached 16.80 trillion yuan, up 51.2% from the end of 2019 and hitting a new record high. The total number of China's Internet and information technology unicorns was 207； An increase of 20 Internet companies by the end of 2019. The trend of cluster development has initially taken shape. In terms of the concentration of corporate market value, the market value of the top 10 Internet companies accounted for 86.9% of the total, an increase of 2.3 percentage points compared with the end of 2019. From the perspective of enterprise city distribution, Beijing, Shanghai, Guangdong, Zhejiang and other places concentrated about 80% of the Internet listed companies and Internet information unicorn companies.
At present, China's capital market system is gradually improving, market inclusiveness and coverage are increasing, and more local governments are also actively cultivating local innovative startups and unicorns, which is expected to eventually form a 4+N development pattern.
By December 2020, the total number of listed Internet companies in and out of China was 147, up 8.9 percent from the end of 2019.
Distribution of the number of listed Internet companies. Image source: CNNIC
By December 2020, the total market capitalization of listed Chinese Internet companies both inside and outside China was 16.80 trillion yuan, up 51.2% from the end of 2019.
Distribution of market capitalization of listed Internet companies. Image source: CNNIC
China's Internet companies have entered a new stage of high-quality development!