Penetration rate of apps from major online companies in China 2021
The Chinese internet giant Tencent is the bellwether in China's mobile app market. As of December 2021, its owned 442 apps which achieved a combined penetration rate of 94.6 percent among mobile internet users. Together with Alibaba and Baidu, the three homegrown Chinese tech behemoths are widely known as the "BAT" collectively.