Trade best Asian stocks
Nobody can deny that Chinese e-commerce is the next rising star in the next coming years. Alibaba holds the world record for earning $38.4 billion in 24 hours. With more manpower, drive to innovate, and the capacity to execute ideas, we can see why Asian stocks are gaining popularity.
Alibaba is the world’s largest retailer and e-commerce company, is on the list of largest Internet companies and artificial intelligence companies, is one of the biggest venture capital firms, and one of the biggest investment corporations in the world. At closing time on the date of its initial public offering (IPO) – US$25 billion, the world’s highest in history – 19 September 2014, Alibaba’s market value was US$231 billion.
Baidu is a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence. It is one of the largest AI and internet companies in the world. Baidu has the second largest search engine in the world, and held a 76.05% market share in China’s search engine market.
Weibo is a Chinese microblogging website laucnhed by Sina Corporation. It is one of the biggest social media platforms in China, with over 445 million monthly active users as of Q3 2018. At the start of 2018, it surpassed the US$30 billion market valuation mark for the first time. For fiscal year 2018, SINA reported net revenues of $2.11 billion, an increase of 33% compared to $1.58 billion in 2017.
This is a Chinese state-owned company. China Mobile Limited provides mobile voice and multimedia services through its nationwide mobile telecommunications network across mainland China and Hong Kong. It is also the world’s largest mobile network operator by total number of subscribers with a total market value of RMB1.57 trillion or USD221.9 billion.
PetroChina is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation. The company is currently Asia’s largest oil and gas producer, and the world’s second largest after Shell. PetroChina posted a US$4 billion profit for 2019 and currently holds a US$31.2 billion brand value.
Xiaomi is a Chinese electronics company; the fourth company after Apple, Samsung and Huawei to have self-developed mobile phone chip capabilities and became the country’s largest smartphone company in 2014. Xiaomi is the world’s 4th most valuable technology start-up after receiving US$1.1 billion funding from investors, making Xiaomi’s valuation more than US$46 billion.