In China’s internet industry, Baidu, Alibaba and Tencent are leading the race, but up until 2018, ByteDance, Meituan-Dianping and Didi Chuxing were in hot pursuit. However, as China’s economic sluggishness persists in 2019, the survival of the latter three is in jeopardy. This article examines why, points out the strengths and weaknesses of the companies in their current states, and investigates the companies’ strategies.
About the Authors
Zhang Jun and Fang Gong Yi Liu are writers for LatePost, a joint WeChat account of finance news media Caijing and LateNews, a blog by prominent journalists.