Firms ramp up efforts to tap global advantage

Mobile internet companies from China are ramping up their efforts to expand globally, as they attempt to gain new momentum in overseas markets, according to a report released by mobile research institution Cheetah Global Lab.

According to the report, it is an opportune time for Chinese mobile internet firms to expand their presence in overseas markets due to the support they can gain from the government's Belt and Road Initiative, rising popularity of smartphones globally, and the demographic dividends in Brazil, India and Southeast Asia.

In 2016, Chinese application developers accelerated their pace of overseas expansion and played key roles in developing countries like Indonesia, Argentina and Mexico, even as they consolidated their presence in regions such as the United States, Germany and Canada.