New three national giants have topped BAT (Baidu, Alibaba and Tencent), taking the lead in internet, according to the latest news. Among them, two are from Hangzhou.

Recent statistics from iiMedia Research, an authoritative counseling agency have shown that two enterprises share the first three on the TOP100 List of Most Valuable Internet Enterprises in China 2018. Both from Hangzhou, the 2 new giants are Alibaba and Ant Financial, with a total of 4157.9 billion yuan narrowly ranking the first.