Forbes China in April released a list of Top 30 Mobile Internet Companies in China in 2015, which records the revenue of China’s technological companies on the mobile internet. Tencent ranks first with the mobile revenue of RMB 22.171 billion (USD$ 3.571 billion), and Xiaomi is the only hardware manufacturer on the list.

There is no doubt that mobile internet has been developing very fast in China, and mobile-transformation has been a hot topic among these internet companies. According to the list which states the revenue of China’s technological companies on the mobile internet in 2014, we can see that the three internet magnates —Baidu, Alibaba, Tencent, still enjoyed a large share of China’s internet market. In 2014, the three companies respectively received a revenue of RMB 18.149 billion (USD$ 2.923 billion), RMB 13.755 billion (USD$ 2.216 billion) and RMB 22.171 billion (USD$ 3.571 billion), while JD, which ranks next, only had RMB 4.047 billion (USD$ 651.9 million) in mobile revenue.

The marketing and distribution of mobile games has become an important source of mobile revenue, all the top 15 companies on the list got a revenue of over RMB 1 billion (USD$ 161.082 million). Baidu, with a surprising revenue of RMB 18.149 billion (USD$ 2.923 billion), mainly gave the credit to its big effort on mobile internet. Xiaomi,, although ranks 29th on the list, is the only hardware manufacturer.

On Feb 13, Lei Jun, the CEO of Xiaomi company, announced in the U.S. that Xiaomi operation system MIUI had been activated over 100 million times across the world, and been an important supporter in mobile internet.

With the decreasing price of mobile terminal, 4G internet infrastructure has gradually improved and been implemented in nationwide area, mobile net market expands from the first and second tier cities to inland cities in a rather fast speed, mobile internet penetrates to every partsof people’s life.

Instant messaging, as an important access to mobile internet, together with social applications, is the most active mobile internet service, which becomes a priority among mobile companies, we can see the fierce battle in WeChat, Weibo, and etc. And the application form of mobile internet becomes more enriched and abundant, new products and business models integrated with mobile internet have come into being continuously, such as mobile internet banking, mobile medical treatment,  mobile education and so on.

Also read: China Mobile App Advertising Market in 2014

Lei Jun wrote a blog post a year ago about meeting Elon Musk, the CEO of Telsa motors and he said he’s really interested in Tesla’s cars. This week, a currently circulating story on China internet reported Xiaomi is about to mass manufacture smart cars.

Xiaomi automobile is internally code named Misila, phonetically similar to Telsla with starting price of only RMB 39,999. The manufacturing partner is rumoured to be a company starting with “B”; and, BYD fits the profile.

If the rumor is true, the price is very attractive and Xiaomi is likely to continue selling cars with its usual online marketing tactics. Lei Jun, Xiaomi’s founder and CEO, denied the rumour this April saying “Xiaomi does not currently have a plan to be in automobile business”; but that was eight months ago.

Half of the top 10 richest men in China on Forbes Rich List 2014 are internet entrepreneurs, on top of which is Alibaba’s co-founder and chairman Jack Ma.

China’s top 100 richest are now worth $376 billion according to Forbes.

Top 10 Richest Chinese in 2014

1. Jack Ma, $19.5B, E-commerce
2. Robin Li $14.7B, internet search
3. Ma Huateng $14.4B, internet media
4. Wang Jianlin $13.2B, real estate
5. Li Hejun $13B, renewable energy
6. Zong Qinghou $11B, beverages
7. Wang Wenyin $10B, metal
8. Lei Jun $9.1B, smartphone
9. He Xiangjian $7.5B, appliances
10. Liu Qiangdong $7.1B, e-commerce

Here is a comparison with Hurun’s Rich List 2014:

Read more: Top 10 Richest Chinese Women in 2014