(Yicai Global) May 21 -- China's corporate internet market has a promising future and will be a clear investment choice for investors, said a well-known Chinese venture financier.

"Over the past decade, most Chinese unicorns have come from the consumer internet market," said Allen Zhu, managing director of GSR Ventures Management Co. "However, the corporate internet market has made more money for US investors than consumer internet firms."

Speaking at the "2018 Global Unicorn Enterprise Forum" co-sponsored by Chengdu municipal government and People.cn run by state-owned People's Daily, Zhu said China's internet giants have a greater impact on the domestic market compared with the impact of American internet heavyweights on the US market.

"Our data analysis shows that the market value of Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Baidu Inc., as well as the market value of their joint stock companies and fully-owned subsidiaries, accounts for more than 90 percent of China's internet market size. In contrast, the total market value of major US internet behemoths, such as Google LLC, Amazon.Com Inc. and Facebook Inc., only accounts for about 70 percent of the market value of the US internet companies."

As for the changes in the innovation patterns of Chinese and US Internet companies, China's most internet entrepreneurship patterns drew on the experience of those of the US in the past, Zhu said. "Five years ago, when Chinese Internet entrepreneurs saw any successful business model in the US, they would consider whether they can move it to China and then copy it after optimization. However, it's very difficult to succeed with such an entrepreneurial model nowadays."

Zhu added that innovative business models, such as bike sharing, livestreaming and short video, are all the creations of Chinese market and don't exist in the US market. Many US entrepreneurs have already followed suit and copied Chinese models to the US, he added.

Editor: Mevlut Katik