The world has seen different transformations across several industries for the past decade and it’s all thanks to one important innovation that connected everything and everyone around the globe: the Internet. As it rose to popularity, several Internet platforms have been introduced in the forms of software, websites, and applications that have not only helped improved people’s lives but also given birth to the most disruptive companies that continue to drive the future to greater heights. In fact, many of them have become huge tech brands that they eventually became important components of many investment portfolios, including offshore mutual funds. Take a look at some of the leading Internet-based companies today:
Uber Technologies Inc.
Uber Technologies is a California-based taxi technology company known for its car transportation and food delivery mobile apps. It was founded in 2008 and is currently operating in over 600 cities worldwide. The company’s estimated revenue was reported to have reached 6.5 billion USD in 2016.
Netflix is ranked 10th among the world’s largest internet companies in terms of revenue. It was founded in 1997 and started its operations in the United States. Based on a 2017 statistics, it has over 117.5 million streaming subscribers from around the world. This American company provides video and media streaming services both online and offline.
In terms of revenue, the Chinese multinational Internet company Alibaba is ranked the 6th largest in the world. It was a small startup founded by Jack Ma in 1999 from his apartment in Hangzhou, China – the same city where the company’s headquarters is now located. The company is a recognized innovator in the world e-commerce, internet, retail and AI technology. One of the reasons for Alibaba’s success, according to experts, is its unique business model as well as the company’s unconventional profit model.