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Where Chinese businesses were once derided as copycat innovators, the leading digital players have now developed into world-class trendsetters at the intersection of eCommerce, mobile and social technologies.
In addition to the large cap firms like Baidu, Alibaba and Tencent (BAT), PwC’s analysis shows that Venture Capital (VC) investment value in China-based internet businesses was worth USD 20bn in 2015, exceeded that of the United States (USD 16bn) for the very first time.
China's internet players are now going global on an unprecedented scale through: direct expansion into Emerging Market eCommerce, social and mobile services; cross border M&A of high-tech firms; exporting disruptive business models; and attracting international digital talent.
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