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Two unicorns china exceed $ 100 billion valuation

The technology sector chinese can have two new giants. The creator of TikTok, ByteDance, as well as Meituan, a leading specialist in the delivery of meals at home, have exceeded these last few days the $ 100 billion valuation. They join the giants in the sector, Alibaba (552 billion dollars) and Tencent (about 400 billion), in the very closed club of a hundred times billionaires.

two chinese are worth almost four times the americans, Twitter ($26 billion) and Snapchat ($25 billion), but remains far behind Facebook (679 billion) or the house-mother of Google, Alphabet (980 billion).

The two new dragons, have profiles that are very different. Meituan is publicly traded and its value has doubled in two years. Its share price jumped Tuesday, with the presentation of quarterly results less bad than expected. After three quarter in the green, it has posted a loss of $ 220 million only. The crisis of the sars coronavirus and its exceptional measures of containment have had contradictory effects. The containment has prompted the Chinese has further ordered the food online, but the crisis has also prompted him to tighten the belt.

in The end, therefore, Meituan is a lot less badly than predicted by analysts. It is clear that the Chinese who ordered, especially at the office, have adopted this habit in the family. The price of the average basket increased, which has somewhat offset the decline in orders.

ByteDance, the competitor of Facebook

ByteDance, for its part, is not rated. There remains, however, that the exchanges of the otc tend to value the creator of TikTok and application of the information to be successful in China, Toutiao, to more than $ 100 billion also, according to Bloomberg. Some of the recent sales of shares on the secondary market have even valued the company up to $ 140 billion.

"The course of ByteDance reflects the wave of consumers who seem ready to replace Facebook as their main social network," analysis Andrea Walne, a partner at Manhattan Venture Partners, and cited by Bloomberg. Among the existing investors and first rank in ByteDance, on account of the fund, japanese SoftBank, as well as the american Sequoia and General Atlantic.

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