TMD is the new BAT

This is the first post in our series: Discover China’s Next BAT, where we will go over the potential tech giants that are leading China’s IT industry. Stay tuned over the coming month to keep updated on the next ‘BAT.’ 

Anyone who is interested in IT industry in China would probably be familiar with what ‘BAT’ stands for: Baidu, Alibaba, and Tencent, the three tech giants in China. However, they are all quite mature and old. Indeed, it is time for a new acronym that represents three significant companies, following the success of BAT.

Now, we’d like to introduce a new acronym, TMD: Toutiao, Meituan, and Didi Chuxing.

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