The total capital expenditure of four major U.S. tech giants over the past five years has reached 5.36 trillion RMB, while the combined capital expenditure of seven leading Chinese internet companies—Tencent, Alibaba, Baidu, JD.com, Kuaishou, Meituan, and NetEase—amounted to only 630 billion RMB. After this wave of cryptocurrency and stock trends, the comparison between the Web giants of China and the U.S. will also look like this.