Chinese companies vanish from world's top 10 by market cap

[mike2000 is back]

China can never truly compete with the US if it’s private sector continues to get crushed.

Well, I guess their system is different since the government favours state owned companies anyway(also because they can control them better, since the CCP is scared/worried of anything that can undermine their authority, call it paranoia or whatever). Private companies just strive to compete/survive with those state behemoths on an uneven field(in China it seems private companies succeed inspite of the government ), unlike in the US where private companies are instead encouraged and the playing field is leveled by the government for them to compete on an even ground with state owned companies.
Different country, different system I guess

 

[mike2000 is back]

US private sector is the lifeblood of the modern science and tech world. It’s where the vast majority of cutting edge technology is developed today.

Don't mind some.of these guys. They act as if American private industry is everything that's wrong with the US. Meanwhile the world we live in today is shaped and defined by US private companies and almost every technology we use today is mostly by those same companies they are talking against. Lol

Many fail to realise that the US is the superpower it is today also mainly because of its vibrant private industry which is the backbone of the US and the reason for its hold on the world economy/technology etc. Without them the US will be probably be at best a medium power.

 

[FairAndUnbiased]

El o el…..Tesla nearing all time highs again

only proves the volatility of the stock and unsuitability for long term investment.

 

[F-22Raptor]

only proves the volatility of the stock and unsuitability for long term investment.

It’ll actually be one of the greatest long term investments ever, of any company. I began investing in mid 2020. My initial investment of $175K is now worth nearly $575K. And I’m holding until 2030.

Considering Tesla is growing and scaling exponentially, I expect my investment to exceed $1M in the next couple years. And Tesla has a great chance of being the largest company in the world mid decade.

 

[PeaceGen]

Chinese companies vanish from world's top 10 by market cap

https://twitter.com/x/status/1473660412235161603

Sooner than i predicted, last winter.. Just noting a fact..

 

[SaadH]

Don't mind some.of these guys. They act as if American private industry is everything that's wrong with the US. Meanwhile the world we live in today is shaped and defined by US private companies and almost every technology we use today is mostly by those same companies they are talking against. Lol

Many fail to realise that the US is the superpower it is today also mainly because of its vibrant private industry which is the backbone of the US and the reason for its hold on the world economy/technology etc. Without them the US will be probably be at best a medium power.

How quaintly naive...US is a superpower today because of it's unmatched military prowess...Just like Great Britain was great in the previous to previous century, not because of East India Company but because it had a Navy second to none. Before Britain, China and India were the two biggest economies in the world, Europe couldn't live without their spices and porcelain and in return didn't offer much to offset the imbalance, unless it used it's military to force it, opium, etc. etc.

All the technological innovation you see american "private" companies pawning off as their own hard work were financed, developed and disseminated through US gov't and DoD spending. Without DoD funding, research and Dev work, and initiatives as well as public spending, there would no Google, Facebook, Amazon, Tesla or any other major tech company out there.

For more historical perspective of how "private" US companies have been able to secure markets, market advantage and uninterrupted supplies, please refer to Gen. Smedley Butler, two time medal of honor recipient, and his musings on his role as a high class muscle for US corporations.

 

[KrimesKaster]

If you call fintech and marketing platforms cutting edge tech then sure...None of the US companies in the top 10 list above is doing any cutting edge tech.

If you say Google (Alphabet), NVidia, Apple, Telsa are not doing any cutting edge tech... I guess there is nothing to say. LOL!

Market Value
The US stock market has been injected with $5 trillion of water. China's stock market has not injected water.

To be honest, no one knows what the heck China's stock market has been injected with.

All the technological innovation you see american "private" companies pawning off as their own hard work were financed, developed and disseminated through US gov't and DoD spending. Without DoD funding, research and Dev work, and initiatives as well as public spending, there would no Google, Facebook, Amazon, Tesla or any other major tech company out there.

You know Russians in the USSR did some REALLY REALLY REALLY great research. Some of the work done by Russian mathematicians, chemists and physicts in that time is still path breaking and state of the art. And yet their economy tanked. Why? Because they did not allow that research to become industry. It remained locked in the vaults of soviet bureaucracy. It is essential to let the research done in universities become foundation of business.

The communist thinking of locking research with governments leads to no where.

 

[KrimesKaster]

Don't mind some.of these guys. They act as if American private industry is everything that's wrong with the US. Meanwhile the world we live in today is shaped and defined by US private companies and almost every technology we use today is mostly by those same companies they are talking against.

I know, if it were not for private businesses then mRNA vaccine would not have been productized so fast and we would not have been having a choice and competition.

 

[nang2]

Because in the larger scheme of things market caps mean nothing, and China is smart enough to realize that rampant Capitalism will eventually weaken a nation. By keeping Chinese corporate structures and their larger than life CEOs under some balance and control they'll make sure their companies don't become small states within a state and thereby start to effect national interest. I think this is what in the US an effective anti-trust and anti-monopolistic system ought to do (what is FTC and other fed orgs mandate), but has been de-toothed by special interests over the last 3+ decades much to the harm of US and US public interest.

The current top 10 Chinese companies by market cap are still dominated by Chinese government enterprises. I guess Chinese government is running a rampant capitalism.

 

[mike2000 is back]

How quaintly naive...US is a superpower today because of it's unmatched military prowess...Just like Great Britain was great in the previous to previous century, not because of East India Company but because it had a Navy second to none. Before Britain, China and India were the two biggest economies in the world, Europe couldn't live without their spices and porcelain and in return didn't offer much to offset the imbalance, unless it used it's military to force it, opium, etc. etc.

All the technological innovation you see american "private" companies pawning off as their own hard work were financed, developed and disseminated through US gov't and DoD spending. Without DoD funding, research and Dev work, and initiatives as well as public spending, there would no Google, Facebook, Amazon, Tesla or any other major tech company out there.

For more historical perspective of how "private" US companies have been able to secure markets, market advantage and uninterrupted supplies, please refer to Gen. Smedley Butler, two time medal of honor recipient, and his musings on his role as a high class muscle for US corporations.

Lol what are you on about dude? Do you think it's just about throwing money that's necessary to create such innovative private companies? If so don't you think many other countries around the world would have done so long ago? What is the Chinese government loaded with cash waiting for to produce companies like Nvidia, Intel, create their own android operating system etc which will be widely used around the world like US ones? You think its just about throwing money by the government ? Lol

And yes US private industry is indeed the backbone of the US. Even a fool can see this, don't know what you are arguing about on here.
Most of the sanctions the US put on other countries is made even more practical by the sheer dominance of US private companies and hold on the world. In fact almost every technology we use nowadays is dominated by US private companies/industry.

Yes India China were biggest Economies back then(population also helps) doesn't means they had advanced industries. In fact even when the British fought and defeated the Chinese during Qing dynasty China had a bigger economy than Britain itself , but that didn't mean much . Economy is just one thing, doesn't determine the military capabilities of a country especially when it's not backed by a technologically advanced industry .
Moreover that unmatched US militarybprowess is also fed by its innovative vibrant private industry . The biggest and most innovative US companies are mostly private companies, if you take them out, then you barely have much left for the US to be honest, and their technological and even military dominance over the world will decrease by over 60%.

 

[kankan326]

Lol what are you on about dude? Do you think it's just about throwing money that's necessary to create such innovative private companies? If so don't you think many other countries around the world would have done so long ago? What is the Chinese government loaded with cash waiting for to produce companies like Nvidia, Intel, create their own android operating system etc which will be widely used around the world like US ones? You think its just about throwing money by the government ? Lol

And yes US private industry is indeed the backbone of the US. Even a fool can see this, don't know what you are arguing about on here.
Most of the sanctions the US put on other countries is made even more practical by the sheer dominance of US private companies and hold on the world. In fact almost every technology we use nowadays is dominated by US private companies/industry.

Yes India China were biggest Economies back then(population also helps) doesn't means they had advanced industries. In fact even when the British fought and defeated the Chinese during Qing dynasty China had a bigger economy than Britain itself , but that didn't mean much . Economy is just one thing, doesn't determine the military capabilities of a country especially when it's not backed by a technologically advanced industry .
Moreover that unmatched US militarybprowess is also fed by its innovative vibrant private industry . The biggest and most innovative US companies are mostly private companies, if you take them out, then you barely have much left for the US to be honest, and their technological and even military dominance over the world will decrease by over 60%.

Google, Microsoft, Nvidia, Intel were born when US was at its peak time. When all money, talents flooded to US. Who created the golden age of US. Definitely not private companies themselves. It was US government. From Roosevelt's contributions to overcoming economic crisis and winning the wold war 2, to government dominated investments in military and space race with Soviet Union. Those private companies were born in right place and at right time. They were the tuyere pigs that can fly easily.

Chinese companies can not win these American private companies because they were late comers and the monopolies in these fields had already been formed. The timing is gone. However, Chinese companies performed well even better than American companies in the newest industies. AI, EV, 5G, new energy, even the new type of internet plateform(Tiktok). Because unlike 20 years ago, US is not the only hot spot for investment. China has fostered its own innovation environment.

 

[KrimesKaster]

AI, EV, 5G, new energy, even the new type of internet plateform(Tiktok).

Let see : Where does major path breaking research in AI comes from?

AI
Deep learning? University of Toronto, Google/Alphabet (PS its not the number of patents or publication that matter, its the quality)
Also, lets see the major AI models :
Deep Neural Networks :

Deep Learning : Geoffrey Hilton ( U Toronto, Google)
ResNet : Google (Kaiming He, Google)
ConvNet : Hilton et al (U Toronto, Google)

EV : Who was the pioneer and the biggest name in EV? Tesla!

5G : Qualcomm. To be honest, 5G is just a lot of fad and no real value.

"New type of internet plateform(sic)" : *Yawn* yeah, sure. SocialMedia companies are dime a dozen.

"New energy": What ever that means...

Let me be blunt : Chinese are simply not there when it comes forefront of real progress.

 

[kankan326]

Let see : Where does major path breaking research in AI comes from?

AI
Deep learning? University of Toronto, Google/Alphabet (PS its not the number of patents or publication that matter, its the quality)
Also, lets see the major AI models :
Deep Neural Networks :

Deep Learning : Geoffrey Hilton ( U Toronto, Google)
ResNet : Google (Kaiming He, Google)
ConvNet : Hilton et al (U Toronto, Google)

EV : Who was the pioneer and the biggest name in EV? Tesla!

5G : Qualcomm. To be honest, 5G is just a lot of fad and no real value.

"New type of internet plateform(sic)" : *Yawn* yeah, sure. SocialMedia companies are dime a dozen.

"New energy": What ever that means...

Let me be blunt : Chinese are simply not there when it comes forefront of real progress.

1, AI
China is next to US. No bad

2, EV.
Tesla buys batteries from Chinese companies. Chinese domestic EV companies grow at very fast speed.

3, 5G.

5G has no real value? Seriously? 5G is the premise of many new technologies. Automatic drive for example

4, New plateform.

Tiktok beats Google to be world most visited website. Huge achievement.

5, New energy.

China leads the world in artificial sun experiment. China fired up two thorium-fueled reactors. Which will be next generation of nuclear power plant

 

[KrimesKaster]

5, New energy.

China leads the world in artificial sun experiment. China fired up two thorium-fueled reactors. Which will be next generation of nuclear power plant

Does anyone of these are producing ANY real energy? BTW, Thorium reactors have been studied a LOT at los almos. Infact US built and operated a Molten Salt reactor back then. None of Chinese work here is even near what was being done in USA during golden age of nuclear power.

3, 5G.

5G has no real value? Seriously? 5G is the premise of many new technologies. Automatic drive for example

No one knows what is needed for automatic drive right now, so a current standard is useless in that area. Not to mention the need for dense tower network in 5G makes entire automated driving usecase quite useless with 5G.

China is next to US. No bad

No. That will be Canada. Most of the pathbreaking research in Deep Learning came out of University of Toronto.

4, New plateform.

Tiktok beats Google to be world most visited website. Huge achievement.

Global top websites by monthly visits 2023 | Statista

Google, Youtube, and Facebook ranked among the most visited websites worldwide, with billions of monthly visits.

www.statista.com

You know, China is not the world. Do not fall for CCP lies.

 

[KrimesKaster]

Because in the larger scheme of things market caps mean nothing, and China is smart enough to realize that rampant Capitalism will eventually weaken a nation. By keeping Chinese corporate structures and their larger than life CEOs under some balance and control they'll make sure their companies don't become small states within a state and thereby start to effect national interest. I think this is what in the US an effective anti-trust and anti-monopolistic system ought to do (what is FTC and other fed orgs mandate), but has been de-toothed by special interests over the last 3+ decades much to the harm of US and US public interest.

You know USA and US capitalism has existed for longer than China has been of any major consequence. China has been of any importance economically only since 1990s.

The current top 10 Chinese companies by market cap are still dominated by Chinese government enterprises. I guess Chinese government is running a rampant capitalism.

Actually thats not far from truth!
Chinese state enterprises and even Chinese military are assets of Chinese Communist Party -- a private entity!
In reality, China is a country owned by CCP and it is as capitalistic as it gets. Since 1980s China has been doing capitalism decently. Of course while making CCP immensely rich and powerful.