One of the more eye-popping slides in Mary Meeker’s annual deck shows the world’s top 20 internet companies, ranked by market value. From just two places five years ago, Chinese players now take up nine slots.
It offers a neat illustration of the relative power shift from the US, but do the Chinese have what it takes to stay there? Will they occupy prime spots in future presentations from Ms Meeker, who as an analyst and now venture capitalist has published the essential guide to the internet for the past two decades. And are they worth it?
The odds on Chinese internet groups continuing to command the swollen valuations are good.
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