The provided text offers an in-depth analysis of China's major technology corporations, focusing primarily on the established giants known collectively as BAT: Baidu, Alibaba, and Tencent. The author, an IT journalist, explains that these companies, particularly Alibaba and Tencent, aggressively invest in and acquire startups, leading to the extensive "series organization" or consolidation of the Chinese tech ecosystem, where new business sectors often become a proxy war between the two. Furthermore, the discussion expands to include new major players like ByteDance (Tik Tok's parent company), which has challenged Baidu's dominance in the advertising market, along with Huawei, Xiaomi, and JD.com, to provide a comprehensive view of the industry's landscape and competitive dynamics. The article suggests that understanding a new company's affiliation―whether it belongs to the Alibaba or Tencent camp―is crucial for comprehending its strategy and potential within the highly centralized market.