Chinese tech giants Alibaba and Tencent are dominating the Chinese market at the moment. The two companies have broadly similar market capitalisations and identical price-to-earnings ratios of 45. Alibaba is easily comparable to Amazon, due to its e-commerce operations, but unlike the former, Jeff Bezos’ company has a staggering price-to-earnings ratio of well over 300. Tencent, meanwhile, has seen its market capitalisation skyrocket due to a series of savvy investments in other tech companies, as well as the success of its WeChat messenger app. Alibaba is also gearing up to spin off its Alipay subsidiary via an IPO later this year with some saying the company could fetch as much as $100bn – making it nearly twice as valuable as Uber.