Market capitalization of listed Chinese internet companies amounted to 12.4 trillion yuan (about 1.95 trillion U.S. dollars) during the October-December period last year, down 8.8 percent from the previous quarter, the report said.
The Q4 contraction narrowed from the previous quarter, the report said, attributing the drop to uncertainties including COVID-19.
China took up nine slots in the ranking of the world's top 30 listed internet companies by market capitalization. Internet giants Tencent, Alibaba and Meituan were the top three Chinese internet companies on the list, the report showed.
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