Last year was a landmark year for Chinese tech in more ways than one. In 2014, startups in China received more funding than all the startups in Europe combined, at a total of $4.1 billion compared to $3.3 billion. Just as the the investment startup scene is heating up, the value of Chinese tech exits is growing as well.
Kicking off our list of the 10 top Chinese tech exits of 2014 is of course the Alibaba Group. Founded by Jack Ma in 1999, the company went public on the NYSE in September by offering $25 billion worth of shares onto the shareholders market to make it the largest initial public offering (IPO) in history. Today, the company is worth more than $200bn, almost as much as Amazon and Ebay combined. And Jack Ma isn’t finished. He’s actively investing in startups around the world looking to expand into Asia like Lyft.
Alibaba also had a role to play in many of the other top Chinese tech exits. In June 2014, the company acquired UCWeb for $1.3 billion. UCWeb is the primary web browser for mobile devices in China, the country with the most mobile users in the world.
Rounding up the top 3 Chinese tech exits of 2014 is Momo, which Alibaba had previously invested in. In December of 2014 the company headquarter in Beijing went public on the NASDAQ by offering $216 million worth of shares to the public market. Today the instant messaging application with 60 million monthly users is worth more than $2bn.
Not only did Alibaba have the world’s largest IPO ever last year but it also had an important role to play in the other top two Chinese tech exits of 2014. If Jack Ma can achieve this much just in 2014 we should be ready expect much more from him over the coming years.