According to some news, the revenue and profit data of outstanding enterprises such as Ali, Huawei, Tencent and Gree in 20 16 years have become clear. Judging from the disclosed data, each company has its own advantages. In terms of revenue, Huawei topped the list with 520 billion revenue, followed by Tencent, Gree and Ali. In terms of net profit, Huawei is still the first, with a net profit of 57.9 billion, followed by Tencent, Ali and Gree. In terms of market value, because Huawei is not listed, there are only three other data, Tencent has the highest market value, followed by Ali.

Speaking of BAT, it was once said that there are only four companies in China Internet industry, that is, BAT and other companies. However, a careful study of BAT reveals an interesting detail, that is, Tencent, Ali and Baidu are not registered in China. Perhaps you will be curious that they are not in China, so where are they? The answer is that they are all in a place in the Caribbean called Cayman Islands. Cayman Islands is an overseas dependency of Britain in the western Caribbean Islands. Cayman is a world-famous diving resort, a tourist resort, and of course, an offshore financial center and a tax haven.

Finance and tourism are the main economic sources of Cayman Islands. As far as finance is concerned, as long as the companies registered in Cayman are offshore companies, as the name implies, although these companies are registered in the Cayman Islands, their actual business development is not here. So for the local government, there is no tax on such companies, but only a small amount of annual management fee is charged symbolically. More importantly, it has a high degree of confidentiality, tax relief and no foreign exchange control.

In fact, in addition to Tencent, Ali and Baidu, many other Internet companies such as Renren and Qihoo Security 360 have also chosen to register in the Cayman Islands.