Internet Power Balance Tilts Toward Asia

After Alibaba’s IPO, Four of the 10 Most Valuable Web Companies Will Hail From the Region.

Silicon Valley dominates the Internet, but this week’s initial public offering by Alibaba Group Holding Ltd. shows how much action is shifting to Asia.

When the Chinese e-commerce firm begins trading Friday, four of the world’s 10 largest Internet companies by stock-market value will be based in Asia, up from two in 2004, according to S&P Capital IQ.

Combined, Alibaba, Tencent Holdings Ltd., Baidu Inc. and JD.com Inc. are…

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