(Yicai Global) May 31 -- Leading technology analyst and partner at venture firm KIeiner Perkins Caufield & Byer, Mary Meeker, has included nine Chinese companies in a list of 20 of the biggest global internet firms by market capitalization as part of her much-anticipated annual web trends report.
Included in the list are Alibaba Group Holding, Tencent Holdings, Ant Financial Services Group, Baidu, Xiaomi Technology, Didi Chuxing, JD.Com, Meituan-Dianping and Toutiao. The number of Chinese entrants has increased to nine from five over the past five years.
Growth in the country's technology sector has resulted in it becoming the world's top smartphone manufacturer by shipments, with a 40 percent global market share, though shipments slumped 21 percent annually in the first quarter of this year.
Easy-to-use mobile products are also becoming pervasive. China continues to lead the world in the adoption of mobile payments, with over 500 million active users last year.
Short-video platforms in China have also come to prominence with over 100 million people using related apps for 50 minutes per day on average. Chinese Internet users spent 3.2 billion hours online in March, with social networking taking up 47 percent of the total and videos accounting for 22 percent.
China internet users also seem to be more willing to share personal data compared with those in other countries. According to this report, 38 percent of users in China are very willing to share their data in exchange for benefits like lower costs and personalization.
Editor: William Clegg