tizen, the popular Android-based operating system that powers many smartphones and tablets, is valued at $13 billion, a record for a Chinese company.
At the same time, its valuation is dwarfed by the market capitalization of some other Chinese tech giants, including Tencent, Alibaba and Tencent’s rival ZTE.
The value of the Chinese company is a whopping $17.2 billion.
A recent analysis by Bloomberg found that while the U.S. tech sector is in steep decline, China’s is in rapid decline, too.
In fact, Chinese tech stocks are outperforming the S&P 500 by $1.3 trillion to $6.7 trillion.
The S&P 500 is down 14.7 percent this year, and the S &Y is down 18 percent, according to Bloomberg data.
The Chinese tech bubble is also soaring, with shares rising more than 4 percent last year.
And while China’s tech bubble has been on the rise for more than a year, investors are still waiting to see how the Chinese economy turns out.