China closing in on Silicon Valley as home of internet giants, research shows

China is eroding Silicon Valley’s pre-eminent position as the home of the world’s largest internet businesses, with two companies making the top 10 by digital media revenue and four among the fastest-growing, according to new research.

Chinese internet giants Tencent and Baidu were the only non-US headquartered companies to make the top 10 list of the world’s biggest firms as measured by digital media revenues in a survey published on Monday by research and advisory firm Strategy Analytics.

To be honest, for a company that isn't American to gain so much popularity, its a good thing. I feel like its always american companies and celebrities to have it all, a change is good.