Much more striking, however, is that the latest round of euphoria involves emerging markets that were mere spectators during the last one, above all China. The country boasts not only the worlds biggest online population, but also its fastest-growing. The number of internet users there will rise from 457m last year to more than 700m in 2015, according to the Boston Consulting Group . And the Chinese are no longer mostly playing games, but are diving into lots of other online activities, notably shopping. Between 2010 and 2015, predicts BCG, Chinas e-commerce market will more than quadruple, from $71 billion to $305 billionwhich could make it the worlds largest.
Such forecasts have stimulated plenty of venture capital, both foreign and domestic. Albeit with a dip in 2009, the amount raised by Chinese venture funds has grown sharply, rising from nearly $4 billion in 2006 to more than $11 billion in 2010 according to Zero2IPO, a research firm. The sum invested increased from $1.8 billion to nearly $5.4 billion. Much of this went into internet start-ups.
Investors have also been desperate for shares in Chinese companies listed on American stock exchanges . Since the start of the year the share prices of the biggest of these firms have risen by more than a third, according to iChina Stock, a website. Baidu, Chinas largest search engine, has seen its share price climb from about $60 to $150 in the past 12 months, taking its market capitalisation to nearly $50 billion. Tencent, which makes most of its money from online games, is worth about the same. Both are among the worlds top five internet firms by stockmarket value. The ten biggest Chinese companies have a combined worth of $150 billion, not much less than Googles.
【雅思阅读材料:另一场数字淘金热】相关文章:
最新
2016-02-26
2016-02-26
2016-02-26
2016-02-26
2016-02-26
2016-02-26