Tencent number 1 on list of China's top 100 tech companies ...

TechWeb, in cooperation with the Ministry of Industry and Information Technology Bureau, has issued a white paper on the top 100 internet and telecommunications businesses as ordered by revenue. The Chinese tech industry posted a huge profit of 11.8 billion RMB in 2011.

Top 10 via Tech in Asia:

1. Tencent (HKG:0700) makes China?s biggest social network and is also top in social gaming. Plus, it makes WeChat, the world?s biggest messaging app. Oh, and it does e-commerce. And lots more.
2. Netease (NASDAQ:NTES) must?ve had a good year to make it so high up the list - but then this list is about revenues, not a company?s market cap. Netease is primarily a web portal, but it also does online gaming (it runs World of Warcraft in the country), and also the Evernote-esque, Youdao Yunbiji service.
3. Baidu (NASDAQ:BIDU) is the nation?s top search engine by a big margin, and also has a major ad platform and some social services too.
4. Sohu (NASDAQ:SOHU) is another web portal, and is pushing its streaming video site pretty hard these days. It also runs the Sogou search engine which is sneaking up on Google?s market share.
5. Shanda (NASDAQ:SNDA; FRA:RZP) here means Shanda Interactive, which makes the Kindle-like Bambook e-reader, and has lots of web services like an e-bookstore, cloud storage, and more. Its gaming subsidiary is separate.
6. Alibaba is China?s biggest e-commerce company in every sector, running Tmall, Taobao, and Alibaba.com.
7. Perfect World (NASDAQ:PWRD) is China?s fourth-biggest social gaming platform.
8. Giant Interactive (NYSE:GA) is a tad smaller than perfect World in terms of gaming revenue, coming in sixth in that respect in the country. It runs games like Allods Online in the country.
9. Besttone (SHA:600640) is a telecoms firm, and the only one in the top 10 that we?ve never looked at before.
10. Sina (NASDAQ:SINA) is talked about a lot these days - and on this site - as it runs Sina Weibo, China?s hippest Twitter-like service. But Weibo is proving costly to run and hard to monetize - hence having China?s hottest social media site doesn?t equate to stellar revenue.

Baidu representatives will be happy to see their company so high on the list, after criticism by ratings agencies caused Baidu shares to drop sharply on the NASDAQ exchange.

Source: http://shanghaiist.com/2012/10/10/tencent_number_1_on_list_of_chinas.php

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