BAT is the biggest winner of the 2014 Internet boom

The proliferation of Internet users in China has brought high income to Chinese Internet companies, which has stimulated unprecedented enthusiasm for foreign investors. Paul Gillis, director of the International MBA Program at Guanghua School of Management at Peking University, said: "2014 may be the best year for China's Internet industry." He also said that the Internet industry in China is still fluent in 2007. In the trough, the huge growth that Alibaba brought to the Internet industry in 2014 has almost eclipsed everything."

The e-commerce giant Alibaba Group, headquartered in Hangzhou, created a new history in September this year. The first raise of 25 billion US dollars (about 155.372 billion yuan) makes it the highest initial public offering in the United States. In addition, Jingdong raised 178 million U.S. dollars (about 1.106 billion U.S. dollars) in Nasdaq in the United States in May this year; Weibo also raised 500 million U.S. dollars (about 3.107 billion U.S. dollars) in March this year.

Gillis said that these companies do not have the problem of funding shortages. Overseas listings are only for their existing investors, most of which are foreign private equity and venture capital, providing a new investment "export" to create more for their mergers and acquisitions. Space. With the increase of Internet users in China and the rapid rise of mobile Internet, mergers and acquisitions are becoming more and more important to Chinese Internet companies.

In 2014, the biggest winners in China's Internet industry were Alibaba, Baidu and Tencent. However, some analysts believe that 2015 will be calm for Chinese Internet companies. More likely to emerge in 2015 is the coalition of industries. Some analysts predict that Chinese Internet companies will continue to develop on the basis of their core competencies, such as the acquisition of small, start-up Internet companies, and other areas such as mobile finance, online games, and cultural industries.