Baidu, Alibaba, and Tencent (BAT) are now valued at a combined $1 trillion USD. Alibaba and Tencent alone now account for almost one-third of the MSCI China Index, fueling its 47 percent gain in 2017. As of this past March, China had skyrocketed to 164 unicorns, worth a combined $628 billion USD. Roughly 50 percent are controlled or backed […]
Baidu, Alibaba, and Tencent (BAT) are now valued at a combined $1 trillion USD. Alibaba and Tencent alone now account for almost one-third of the MSCI China Index, fueling its 47 percent gain in 2017. As of this past March, China had skyrocketed to 164 unicorns, worth a combined $628 billion USD. Roughly 50 percent are controlled or backed […]
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