On August 14, the Internet Society of China and the MIIT Information Center jointly released the 2019 list of China’s top 100 Internet companies, the list of the top 20 Internet growth companies, and the 2019 China Top 100 Internet Companies Development Report.
Alibaba (China) Co., Ltd., Shenzhen Tencent Computer System Co., Ltd., Baidu, JD.com Group, Zhejiang Ant Small and Micro Financial Services Group joint stock company, NetEase Group, Meituan Dianping, Beijing ByteDance Technology Co. Ltd., 360 Security Technology joint stock company, Sina Company ranked among the top ten.
MIIT said that this year’s top 100 Internet companies focus on innovation leadership, industrial integration, industrial Internet, etc., and mainly exhibit six characteristics:
First, the overall scale has been leapfrogged to become a new engine of the digital economy.In 2019, the Internet business income of the top 100 Internet enterprises reached 2.75 trillion yuan, which was more than 1 trillion yuan compared with the Internet business income of the top 100 Internet enterprises in 2018, accounting for 8.8% of our country’s digital economy, and the contribution rate to the digital economy reached 14%. Driving the growth of the digital economy by nearly 2 percentage points has become an important support for the development of the Internet industry in our country. From the distribution of the growth rate of Internet business income, 86 enterprises have achieved growth in Internet business income.
The second is to break through 10% in R & D investment to build China’s core technologies.In 2019, the R & D investment of the top 100 Internet enterprises reached 153.87 billion yuan, an increase of 45.1% year-on-year, and the average R & D intensity exceeded 10%, which was nearly 8 percentage points higher than the R & D investment intensity of our country. From the distribution of R & D intensity, there are 40 enterprises with R & D intensity above 10%, and 4 enterprises with R & D intensity between 30% and 35%. The top 100 Internet enterprises continue to break through core technologies. The top 100 Internet enterprises continue to improve their original innovation capabilities, and accelerate the breakthrough of key core technologies such as 5G, artificial intelligence, cloud computing, and big data. Some technologies are at the international leading level. In 2019, the top 100 Internet enterprises have nearly 80,000 patents, including nearly 60,000 invention patents. In 2019, there were 29 big data companies, 28 cloud computing companies, 24 artificial intelligence-related companies, and 3 companies related to the use of Internet of Things technology among the top 100 Internet companies.
The third is the diversification of application scenarios, and smart + creates a new model of life consumption.The top 100 Internet enterprises have deepened the development of consumer Internet, and have carried out full-scene coverage of clothing, food, housing, transportation and other aspects. Their business covers 17 fields such as Internet public services, online media, music and video, social network, scientific and technological innovation and intellectual property rights, and has comprehensively improved the quality of life of the people in terms of life, work, culture, entertainment, education and other aspects. In 2019, a total of 18 Internet top 100 enterprises engaged in e-commerce; a total of 41 involved in Internet public services, mainly providing convenient services such as information inquiry, education and medical care, government affairs management, and public travel, so that ordinary people can enjoy the convenient life brought by "Internet +"; 21 enterprises are involved in music and video business. At the same time, the top 100 Internet companies are actively developing smart industries, continuously expanding "smart +", creating a wealth of new consumer formats and scenarios such as smart stores, VR/AR fitting, and non-sensory payment, creating a new model of smart life consumption in the future.
Fourth, the industrial Internet is deeply cultivated into practice and empowers the high-quality development of traditional industries.By continuously "infiltrating" and "empowering" all walks of life, the top 100 Internet enterprises promote the in-depth integration of Cloud Computing, Big Data, Internet of Things and other Information Communication Technologies with the real economy, cultivate new industries, new business formats and new models, and support the high-quality development of the real economy. In 2019, the number of industrial Internet enterprises in the top 100 Internet enterprises reached a new high, and the number of industrial Internet enterprises mainly serving real economy customers reached 60, and the cumulative service was nearly 40 million enterprises. Among them, 41 involved Internet data services, 13 manufacturing services, 24 technological innovation and intellectual property rights, 11 B2B e-commerce, and 10 Internet basic services.
Fifth, "unicorn" enterprises have grown rapidly, and their international industry status has reached a new high.In 2019, 25 unicorn companies such as Ant Financial, ByteDance, JD.com, Mangbang Group, Youkede, and Wansteel emerged among the top 100 Internet companies and their subsidiaries, an increase of 38.9% year-on-year. Their business involves financial technology, smart logistics, e-commerce, new entertainment and other fields. From the perspective of the market value ranking of global companies, in 2018, the top 30 Internet companies in the global market value accounted for 10 Internet companies. Among them, Tencent Group and Alibaba firmly ranked among the top ten global Internet companies in market value.
Sixth, the coverage area has been newly expanded, and online poverty alleviation has achieved new results.In 2019, the number of provinces with top 100 Internet enterprises reached 18. On the basis of 2018, two new provinces, Jiangxi and Shandong, were added, and the geographical coverage continued to increase. In terms of regional distribution, the number of top 100 Internet enterprises in the eastern region totaled 86, the number of top 100 Internet enterprises in the central and western regions totaled 12, and the number of top 100 Internet enterprises in the Northeast region remained 2. Among them, the number of top 100 Internet enterprises in Anhui, Guizhou, Henan, Hubei, Hunan, Jiangxi, Chongqing, and Sichuan in 8 central and western regions continued to increase, an increase of 1 over last year. The top 100 Internet companies actively practice corporate social responsibility, give play to the role of the Internet in boosting poverty reduction, explore new poverty alleviation models such as "live broadcast + e-commerce", and promote targeted poverty alleviation and targeted poverty reduction. According to statistics, more than half of the top 100 Internet companies participate in online poverty alleviation.
The following is the complete list of the top 100 Internet companies:
In addition, this year’s top 20 Internet growth enterprises focus on high growth, active investment and financing, and diverse business formats, mainly presenting three major characteristics:
First, the revenue growth of Internet companies is strong.In 2019, China’s top 20 Internet growth enterprises grew rapidly, and their operating income reached 12.887 billion yuan, an increase of 435.44% year-on-year, which is 7.2 times the growth rate of China’s top 100 Internet enterprises. Among them, 85% of the enterprises’ operating income growth rate exceeded 100%. Growth enterprises 20 attach great importance to innovation and development, and continue to increase R & D investment to achieve accelerated iterative updates of industrial products or services. The total number of R & D personnel reached 3,819, accounting for nearly 40% of the total number of employees of the enterprise, an increase of 46.83% year-on-year. The R & D intensity was 16.2%, which was nearly 6 percentage points higher than that of China’s top 100 Internet enterprises.
Second, investment and financing activities are highly active.As a representative of our country’s growth enterprises, the top 20 growth enterprises have been established for a short time, with an average establishment time of only 7 years, which is 6.3 years less than the top 100 Internet enterprises. The huge investment and financing provides a guarantee for the rapid development of enterprises. In 2019, 9 of the top 20 growth enterprises completed financing activities, with a total financing amount of 11.319 billion yuan.
The third is the emergence of diverse business models.China’s top 20 Internet growth enterprises have dug deep into consumer Internet demand, followed the development trend of industrial Internet, and produced many new industries, new products and new services that can meet the needs of the people, which has contributed a lot to the development of our country’s digital economy. In 2019, the top 20 growth enterprises covered 12 industries such as Internet public services, Internet data services, network marketing and e-commerce, and a number of new business forms and new models such as agricultural Internet and intellectual property services have emerged in the top 20 growth enterprises, which have become an important support for promoting the development of digital economy.
Here is the complete list of the top 20 Internet growth companies:
