China Mobile Payments, AI, Bike-Sharing, Short Videos All Make The Meeker Report

China tech is highlighted regularly in Mary Meeker's annual Internet report that underscores China's advances in mobile entertainment and payments, e-commerce, artificial intelligence and on-demand transportation -- in other words, all the latest trends that define Chinese innovation today. If you want evidence of China's climb, consider that nine of the world's top 20 Internet leaders ranked by market valuation are in China today: Alibaba, Tencent, Ant Financial, Baidu, Xiaomi, Didi Chuxing, JD.com, Meituan-Dianping and Toutiao. The remaining 11 are in the U.S. led by Apple, Amazon, Microsoft, Google (Alphabet) and Facebook. China's momentum in artificial intelligence is also highlighted with notes on Chinese government support for AI development. The report cites Eric Schmidt's prediction that China could be at the level of the U.S. within five years, considering how fast Chinese AI knowhow is improving.