Incisive Chinese companies have long been sinking their teeth into their western rivals. Now the country has developed its answer to the “Fangs” phenomenon, one of the remaining crown jewels of the west.
The internet-focused quartet of Facebook, Amazon, Netflix and Google (now renamed Alphabet, awkwardly) saw their share prices surge more than 70 per cent, on average, last year, even as the wider US stock market fell.
Now China is responding with its very own quartet of Bants — Baidu, Alibaba, Netease and Tencent.
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