(Image source: Photo.com)
On April 20, 2024, China has entered its 30th anniversary of full-featured access to the Internet. On the same day, Tencent Group founder Ma Huateng, Xiaomi Group founder Lei Jun, 360 founder Zhou Hongyi, and Cheetah Mobile CEO Fu Sheng and other Internet bigwigs gathered together. Among them, the interaction between Zhou Hongyi and Ma Huateng is particularly eye-catching, and the two Internet bigwigs who have been at odds in the "3Q War" rarely interact in the same frame, which has aroused onlookers and heated discussions among many people who eat melons.
This symposium is also a rare collective "appearance" of many Internet bigwigs in recent years, and Zhou Hongyi posted a number of videos and text content on Weibo.
On April 20, he posted a photo shaking hands with Tencent CEO Pony Ma, and affectionately called Pony Ma "old friend". In addition, he also posted a video on Weibo: "On the 30th anniversary of China's Internet, I saw my old friend Ma Huateng again, and Ma Huateng praised me for my good short video shooting as an Internet celebrity." In the video, Zhou Hongyi said to Ma Huateng: "Thank you Mr. Ma for your support on the video account." Ma Huateng also shook hands and responded: "(You) have become an anchor now, (the red of the clothes) is the 'red' of 'Internet celebrity', right?"
(Picture and video screenshot source: Zhou Hongyi Weibo)
After 14 years, Ma Huateng and Zhou Hongyi shook hands and "enmity", looking back on the "3Q war" in 2010: at that time, 360 launched a "nuclear bomb" - 360 buckle bodyguards, and to implement a series of "clean" actions on QQ, including garbage removal and advertising, which is equivalent to cutting off Tencent's advertising revenue source. On the evening of November 3, Tencent issued the famous "A Letter to QQ Users Nationwide" statement in the form of QQ pop-ups, issuing an ultimatum to hundreds of millions of QQ users, resulting in a large number of users being forced to delete 360 software.
The Internet is one of the greatest inventions of mankind in the 20th century, which has propelled human society into a dynamic and hopeful information age. By the end of 2023, there will be more than 3.8 million registered websites in mainland China, 1.09 billion netizens, and an Internet penetration rate of 77.5%. According to the estimation of relevant institutions, the market value of mainland Internet enterprises is nearly 10 trillion yuan, and nine of them are among the top 30 Internet companies in the world.
Distribution of the number of listed Internet companies in China as of 2021
As of December 2021, there were 155 listed internet companies in mainland China and abroad, an increase of eight from the end of 2020. Among them, the number of Internet companies listed in Shanghai and Shenzhen, Hong Kong and the United States were 48, 40 and 67 respectively, accounting for 31.0%, 25.8% and 43.2% respectively.
The comprehensive strength of China's Internet enterprises has been increasing year by year
In 2022, the Internet Society of China continued to organize research on the comprehensive strength of China's Internet enterprises, and the main results include the China Internet Enterprise Comprehensive Strength Index (CICCI), the list of the top 100 enterprises in terms of comprehensive strength, the list of the top 20 enterprises in growth and the list of the top 10 enterprises in data security services. In this study, 11 core indicators representing six dimensions of enterprise scale, profitability, innovation ability, growth, risk prevention and control ability and social responsibility were selected, and the index weights were set on the basis of comprehensive industry development trends and expert opinions, and relevant research results were generated through weighted average calculation.
From 2013 to 2022, the mainland Internet industry continued to develop steadily. On the basis of 2013, the comprehensive strength of mainland Internet enterprises has been growing year by year. Specifically, the index value in 2022 is as high as 730.7 points, an increase of 18.5% from 2021 and 630.7% from 2013.
Note: 2013 is the first year of research on the comprehensive strength of China's Internet.
The scale of the Internet industry continues to increase
In 2021, driven by information technology and capital forces such as artificial intelligence, cloud computing, and big data, as well as the support of national policies, the Internet and related service industries showed a steady and positive development trend. Enterprise business income and operating profit maintained rapid growth; Internet platform services and data business developed rapidly, and information service revenue also grew rapidly; and many provinces maintained a growth trend. In 2023, Internet and related service enterprises above designated size in mainland China will achieve Internet business revenue of 1,748.3 billion yuan, a year-on-year increase of 6.8%.
At the symposium on the same day, China Mobile Research Institute released the report "China's Internet Development and Reform in the Past 30 Years". The report proposes that the development of the Internet in mainland China will be upgraded from a "two-wing-driven" model to a "two-wing cycle" model. The logic of Internet development will change to start with technological innovation, promote industrial innovation and infrastructure upgrading, and form a "two-wing cycle" development model of "technology-industry-infrastructure" and "infrastructure-market-business".
Sun Ninghui, a researcher at the Institute of Computing Technology of the Chinese Academy of Sciences and an academician of the Chinese Academy of Engineering, pointed out that network information technology is currently the most concentrated R&D investment, the most active innovation, the most widely used, and the most radiation-driven technological innovation field in the world. After 30 years of development, China's Internet has gradually changed from a "follower" to a "side-by-side" and "leader".
Prospective Economist APP Information Group
For more research and analysis of this industry, please refer to the "Analysis Report on Market Prospect and Investment Strategic Planning of China's Internet Industry" by Qianzhan Industry Research Institute
At the same time, the Prospective Industry Research Institute also provides solutions such as industrial big data, industrial research reports, industrial planning, park planning, industrial investment, industrial mapping, smart investment promotion system, industry status certificate, IPO consulting/fundraising and investment feasibility study, and specialized and special new small giant declaration. To quote the content of this article in any public information disclosure such as prospectus and annual report, formal authorization from Qianzhan Industry Research Institute is required.
More in-depth industry analysis is available in the [Prospective Economist APP], and you can also communicate and interact with 500+ economists/senior industry researchers. More enterprise data, enterprise information, and enterprise development are all in the [Qichamao APP], the most cost-effective and most comprehensive enterprise query platform.