The United States has been the driving force behind global innovation for a long time. Facebook, Amazon, Netflix and Google, abbreviated as FANG, are amongst the most admired technology companies in the world.
On the other side of the Pacific, China is an up and coming force to be reckoned with. Technological giants in the form of Baidu, Alibaba and Tencent (BAT) are taking great strides and catching up fast.
We have covered FANG previously. We will now move on to discuss BAT.
Baidu Seems Like A Fallen Angel
In my FANG article, I expressed some unease about Netflix being in the alumni along with mighty Facebook, Amazon and Google. In the same vein, Baidu seems rather out of place in the company of Alibaba and Tencent.
Using revenue as a measurement of their reach and influence, Baidu’s revenue of CNY 85 billion is about one third that of Alibaba’s CNY 250 …