Comparison of market value of BAT:

In 2010, Baidu's market value was 38 billion US dollars,

In 2010, Alibaba's valuation was 10 billion US dollars,

In 2010, Tencent's market value was 30 billion US dollars.

In 2014, Baidu's market value was 79.8 billion US dollars,

In 2014, Alibaba's valuation was 271.2 billion US dollars,

In 2014, Tencent's market value was 135.9 billion US dollars.

In 2021, Baidu's market value was 76.5 billion US dollars,

In 2021, Alibaba's market value was 630.8 billion US dollars,

In 2021, Tencent's market value was 768 billion US dollars.

In 2024, Baidu's market value was 39.48 billion US dollars,

In 2024, Alibaba's market value was 210.995 billion US dollars,

In 2024, Tencent's market value was 488.643 billion US dollars.

BAT can be said to be a microcosm of the development of China's Internet industry: from weak to strong, from strong to big, from big to prosperous, and then from prosperous to declining. In just 15 years, the situation has taken a sharp turn for the worse, which is really sad.