China is the largest internet market in the world. Many of its homegrown internet companies are increasingly dominating the global tech scene—not only in terms of technology development but also in innovative business models.

A newly released report by Jefferies, a US-based global investment banking firm, revealed some key highlights from 2017 and market forecast for China’s internet landscape in 2018.

In the report, Jefferies analyst Karen Chan and her team listed Tencent, Alibaba, and Weibo as the top picks for China’s internet sector. The team noted that tops apps, especially social apps, are seeing an increase in traffic, while video and news apps show the most robust growth.

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Nicole Jao

Nicole Jao is a reporter based in Beijing. She’s passionate about emerging trends, news, and stories of human interest within the world of technology. Connect with her on Twitter or via email: nicole.jao.iting@gmail.com.