Alibaba and Pinduoduo are both cash kings. Alibaba ranks fourth among global internet companies, with $59 billion. Pinduoduo ranks seventh, with $50 billion.
Unexpectedly, JD.com also made the list, with $30 billion. These three companies are so flush with cash that they're embroiled in a food delivery war. Pinduoduo is also quite impressive, challenging government subsidies.