eCommerce

The new Top 5: Tencent is the online winner of 2016

China triumphs, Twitter takes another blow. Considering the growth rates of share values, the ranking of online companies has changed significantly in the past year.

12 Jan. 2017
Tencent WeChat
Tencent-founder Pony Ma Huateng (Photo: David Wong/South China Morning Post)

The new number 1 among the online business giants is the Chinese company Tencent , established in 1998, which was able to gain by 19%. Their portfolio contains, among other services, Asia's most used messenger service WeChat . Its WeChat Wallet is furthermore the most extensively used mobile payment system in China. For a few months, Tencent was even the most valuable among all of China’s companies, before e-commerce giant Alibaba superseded it again near the end of the year.

The online travel agency Priceline , which is practically unknown in Europe, came in second with 18% growth. It reached a market value of more than USD 73 billion in 2016, making it one of the world’s ten most valuable online enterprises. The further ranks are taken up by Amazon with 14%, Facebook with 13% and Netflix with 12% growth. The biggest hit was taken by Twitter, with stocks falling by 28% over the past year.

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