2018 marked the fourth wave of IPO fever with 42 companies going public. The overlapping users reached 137.87 million among Pinduoduo (272.6 million) and mobile Taobao (699 million). Short video (33.1%) and instant messenger (18.6%) took up over half of the increased usage duration.
2018 had seen 42 Chinese companies from a variety of verticals represented by Xiaomi, Meituan, and Pinduoduo going public.
It marked the fourth wave of IPO fever following the third wave with 31 public listed companies, represented by e-commerce players like Alibaba and JD.com in 2014, the second wave represented by social media and search engine players like Baidu and Tencent in the PC era, and the first wave represented by web portals like Sina, NetEase, and Sohu.
To a certain extent, the IPO fever is the result of increasing competition for user’s attention spans. For example, the overlapping users reached 137.87 million between Pinduoduo (272.6 million) and mobile Taobao (699 million) a...
Already subscribed? Sign in.
Don't Miss Out.
Invest with as little as one bottle of water per week.
Join other top analysts and business executives and navigate the unique market with China Internet Watch.
Cancel at any time