Chinese companies vanish from world's top 10 by market cap

[nang2]

Yeah but Chinese Internet/tech companies seem to be in recess nowadays with Xi Jinpings new crackdowns and desire to favour more state owned companies , since he views Private companies as too independent from the party and state companies to be better since they are controlled by the Party and heed their every call, compared to private companies who have their own priorities and interests they go after.

As Beijing Takes Control, Chinese Tech Companies Lose Jobs and Hope (Published 2022)

The crackdown is killing the entrepreneurial drive that made China a tech power and destroying jobs that used to attract the country’s brightest.

www.nytimes.com

We will see in a few years where China's biggest tech/Internet volcanoes will fare. If this downward trajectory will carry on due to the new suppressive environment, unlike before where they were growing so big as to even expand abroad and challenge US biggest companies globally, now they have been re ending themselves back into their home shelter, halting any international expansions and laying low for fear of standing out touch too much and facing crackdown even more. Seems government is sending mixed signals and uncertainty which is never good for private businesses. Since most times even the censorship laws they enact is not always very clear and precise and can open to vague interpretations hence it makes companies even reluctant or scared to create some certain type of products or industry for fear of censorship/retribution. I think government ought to make the rules clear. Except their aim is to cut down private enterprises down to shape , then that will make sense.

It is actually a common practice of China government to send mixed signals, because it wants the best of the both worlds (socialism and capitalism). It is important to figure out which one is real and which one is just for show. It is a matter of life or death in some situation. My dad always says if you want to become rich, follow the party. But that is also a tricky business. Without insider's knowledge, it is difficult to tell the signal over the noise.

 

[HttpError]

The US has the luxury to print as much money ($) as possible so they can value whatever number they want. Not saying their companies aren't good, which they definitely are but market cap and valuations are not accurate.

 

[nang2]

The US has the luxury to print as much money ($) as possible so they can value whatever number they want. Not saying their companies aren't good, which they definitely are but market cap and valuations are not accurate.

Market cap and valuations are still accurate comparatively since US dollars are traded freely. These numbers are only useful in comparison anyway.

 

[KrimesKaster]

Sorry buddy - I beg to differ. I say this respectfully, it is this mindset in the West that will be its unbecoming. The West will cheerlead itself wrapped in their flags - singing praise to itself, while it sinks. Chinese work in Quantum communications (I am being specific), Nuclear Reactor designs (I am being specific), AI and Digital economy (which dwarfs Amazon), is not even questioned by people in this field. So not sure where you are coming from.

Learn the difference between SCALE and PATHBREAKING stuff.

I said from the beginning, China is doing massive deployments of technology but doing pathbreaking research? That is mostly concentrated in EU/US/Canadian/Australian universities. To a smaller degree even Japanese corporates / universities.

I know about AI so let me get started with it first. Do tell me see what SPECIFIC research has come out of China that is as Path Breaking as Deep Learning itself or ConvNets or ResNets? Give me SPECIFIC research or development that is pathbreaking.

I do not care if they have 100 billion deployment of mobile phones etc, thats scaling and a totally different thing.

The US has the luxury to print as much money ($) as possible so they can value whatever number they want. Not saying their companies aren't good, which they definitely are but market cap and valuations are not accurate.

US Federal reserve system and NOT ALL Private companies. Apple or Google cannot print dollars to increase their market cap.

 

[retaxis]

The fact that there is ongoing debate about China tech vs US tech shows that China is catching up quickly and that scares US because they are seeing demographic decline of whites therefore big time brain drain coming.

 

[kankan326]

Yeah but Chinese Internet/tech companies seem to be in recess nowadays with Xi Jinpings new crackdowns and desire to favour more state owned companies , since he views Private companies as too independent from the party and state companies to be better since they are controlled by the Party and heed their every call, compared to private companies who have their own priorities and interests they go after.

As Beijing Takes Control, Chinese Tech Companies Lose Jobs and Hope (Published 2022)

The crackdown is killing the entrepreneurial drive that made China a tech power and destroying jobs that used to attract the country’s brightest.

www.nytimes.com

Guess we will see in a few years where China's biggest tech/Internet companies will fare and if they can rise back up from this new atmosphere especially If this downward trajectory will carry on due to the new suppressive environment, unlike before where they were growing so big as to even expand abroad and challenge US biggest companies globally, now they have been receeding themselves back into their home shelter, halting any international expansions , laying off staffs, changing leaderships/CEOs and laying low for fear of standing out touch too much and facing crackdown even more.

Seems government is also sending mixed signals and uncertainty which is never good for private businesses. Since most times even the censorship laws they enact is not always very clear and precise and can open to vague interpretations, hence it makes companies even reluctant or scared to create some certain type of products or industry for fear of censorship/retribution. I think government ought to make the rules clear. Except their aim is to cut down private enterprises down to shape , then that will make sense.

Yes agree. Funny thing is that the only Chinese global brand that has succeeded in having a global presence and household name globally and be able to challenge established US private tech internet companies worlwide is TIKTOK owned by bytedance which funny enough IS A PRIVATE CHINESE COMPANY, nor a state owned one. Same with other Chinese companies who are relatively successful abroad like Xioami, Oppo, Huawei (pre US sanctions .lol ), Hisense, DJI , etc etc. They are all private companies.
Let's see how state owned Chinese tech companies will fare globally since it seems the government wants to push those forward instead . Lol

You are misled by your fake news factory BBC. Chinese government never suppressed real innovative private companies. 10 years ago, companies like Alibaba and Tencent are positive factors for China. Now they became negative. These big companies used their dominating position to suppress competition. Tencent is notorious in containing its competitors. Not only by blocking competitors' information from the communication tools it controls. Also by physically eliminating them. When there is a new company that seems to have potential. Tencent would either buy it with 100% share or paralyze it by hiring the company's core engineers with 2-3 times higher salary. Now you know the reason why Tencent is engaged in so many fields. Alibaba is gradually becoming a rent collector(Alibaba or Amazon platforms fee is another form of rent) and moneylender. China doesn't want Wall Street model.

 

[FairAndUnbiased]

Yes agree. Funny thing is that the only Chinese global brand that has succeeded in having a global presence and household name globally and be able to challenge established US private tech internet companies worlwide is TIKTOK owned by bytedance which funny enough IS A PRIVATE CHINESE COMPANY, nor a state owned one. Same with other Chinese companies who are relatively successful abroad like Xioami, Oppo, Huawei (pre US sanctions .lol ), Hisense, DJI , etc etc. They are all private companies.
Let's see how state owned Chinese tech companies will fare globally since it seems the government wants to push those forward instead . Lol

Huawei is not a private company. It is a cooperative.

How the **** do you keep getting away with being factually wrong and/or never providing sources all the time?

Like if a Chinese person is factually wrong even once, they're considered an unreliable liar.

 

[StraightEdge]

Why should normal consumers/citizen worry about such retarded things like market cap? Unless someone is a trader, these have no value in real terms.
US share mark cap to GDP ratio has crosses 200%. It's the highest among rich countries, China is less than 100% in comparison. It's another crash which is coming.

 

[log_ccc]

Chinese companies vanish from world's top 10 by market cap

https://twitter.com/x/status/1473660412235161603

I am curious how much tax these companies pay

 

[aziqbal]

US technological edge is far to advanced

Huawei was a state backed company and the Chinese showcase company

one move by the US Congress killed it off

apparently they are now making batters for e-bikes

 

[Globenim]

Oh no what is Chinas market going to do without U.S. state backed, state affiliated and state controlled monopolies, endorsed tax evasion, endorsed mass layoffs despite supposedly conditional subsidies and state backing, endorsed anticompetitive market practices, patent trolling, price hiking, legalized gerrymandering and U.S. innvotations like marketing the same old generic batteries, cables and literal aluminum bricks for hundreds and thousands of Dollars more than they are worth at regular market price and competing companies sold for years.