Chinese Internet companies such as Weibo, Baidu and Tencent are sophisticating their business models to offer innovative products and services. This crucial change brings to the brands made in China greater value at a global level as they go public on the New York Stock Exchange.
Mid-April the largest Chinese micro blogging service, Weibo, raised $286m in its Nasdaq debut. Within weeks, Alibaba, the largest e-commerce platform in the world is expected to complete probably the biggest IPO in history. These are some of the main players of China’s booming Internet economy, which saw revenues of 600.41 billion Yuan in 2013, and it is expected to reach 1.72315 trillion Yuan in 2017. But censorship and strict regulations are hindering the growth of the country’s cyber players.