Number Distribution of Listed Internet Companies, by Listing Location in the US 46.0% in Hong Kong 11.0% in Shanghai and Shenzhen 43.0% 来源： 2016.12 Figure 35 Number Distribution of Listed Internet Companies, by Listing Location The number of Internet companies going public in Shanghai and Shenzhen is the same as that in the US. But, China's large Internet companies were inclined to get listed in the US, which leads to a big gap between the total market value of China’s Internet companies in Chinese capital market and that in the US’s capital market. The total market value of China’s Internet companies being listed in the US is 3.8 times as much as that in Shanghai and Shenzhen. 36 The 39th Statistical Report on Internet Development in China