Mobile penetration rate of leading online companies in China 2020
The BATs, referring to Baidu, Alibaba, and Tencent, are the three most powerful companies providing web applications in China. Originated in search (Baidu), e-commerce (Alibaba), social media and mobile gaming (Tencent), all three tech conglomerates started their businesses in the late 1990s and 2000s. Twenty years later, they each occupy a dominant position and enjoy a near monopoly in their respective areas.