Flashmag Digizine Edition Issue 96 August 2019 - Page 101

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Flashmag August 2019 www.flashmag.net

The two men, who have known each other for years, do not hesitate to profess mutual respect.

While Alibaba and Tencent are fighting to control the Chinese market, they remain modest compared to the US giants of the "Big Four" Google, Amazon, Facebook and Apple.

The market capitalization of each of the two heavyweights of Chinese technology is around $

400 billion, while Google, Amazon and Apple each exceed $ 800 billion.

The biggest difference may lie in their penetration abroad.

The US quartet generates more than half of its revenue abroad, while the Tencent and Alibaba ratios are more focused on the Chinese and Asian markets.

Sources Fortune.com

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