In China, beyond Tencent or Alibaba is unlikely to be an Internet company, because in the field of the Internet, Tencent and Ali is already a leader, and the more potential either has been into the investment, or has formed an encirclement, regardless of whether it is Alibaba or Tencent, the moat constructed has been all powerful.
Eventually, beyond Alibaba and Tencent, must not be a company, but another field.
From the perspective of the entire Internet environment, although the Internet products are updated quickly, but the basic Internet products covering all areas of life have stabilized and matured. E-commerce, search, social and gaming traditional areas naturally needless to say, since the rise of the mobile Internet, the Internet is constantly speculating on the concept of the substance of the rise of the basic war team Alibaba or Tencent.
The small giants of the current segment have no such strength. E-commerce, search, games, is the main source of profit of Internet products, which is the reason why BAT (especially AT) is powerful. With enough profits, they can keep attacking cities, updating technology, and extending the life cycle of their products. But the status quo is that the giants in the niche field, such as headlines and the United States, are still financing, and although the prospects seem huge, even if they are profitable, they are far from being able to create profits that reach the volume of BAT. Financing is only to make the market bigger, and strive to go public, which is what investors also desperately want, to go public in order to realize the cash.
Now the segmentation of small giants have BAT (especially AT) figure in it, they themselves are controlled by BAT, unlikely to surpass BAT. some startups have the strength of the company is more hope to get BAT's investment, embrace the thighs, in this case, can not be expected to have the courage to challenge the BAT. startups often want to continue to raise funds, or else they will be The tire is dead and incapable of fighting with competitors. But financing is now unthinkable without BAT.
Before the Internet era, no one would have thought that any company could surpass Microsoft, however, with the development and application of Internet technology, Google did it; later, Apple chose the right time to launch its smartphone to catch up with the Internet tide, while Microsoft lagged behind.
The company that surpasses Ali or Tencent may not be an Internet company, but more likely a company with artificial intelligence as its core business, which may be a startup or an existing company that has evolved.