OVERSEAS expansion seems to be the new buzzword for Chinese Internet startups as the industry looks to reap the rewards of the rapid development in the last two decades. The huge market potential also saw the emergence of Chinese Internet behemoths like Baidu Inc, Alibaba Group Holding Ltd and Tencent Holdings Ltd.
Unlike the Internet giants which are focused on the domestic market, startups are looking to overseas expansion. These include bike-sharing platforms like Mobike Technology Co and Ofo Inc, tool and photography app developer Meitu Inc and live-streaming platform Yixia Tech.
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