China's Internet Top 5, by market cap 2018 1. Tencent $494b 2. Alibaba $473b 3. *Baidu* $82b 👋👋👋 4. $59b 5. NetEase $45b 2019 1. Alibaba $422b 2. Tencent $414b 3. Meituan $47b 4. $43b 5. NetEase $34b
This handy chart from explains what just happened: