China’s internet companies have turned around payment systems dom estically. Now they are turning to global market, says retail analyst Ben Cavender to Cryptocoinnews. Alibaba’s Ant Financial now is setting up a war chest to conquer those global markets.
Category Archives: Alibaba
From a cash country, where transactions were done by moving plastic bags with money between bank branches, China has turned into a leading force in fintech or financiel technology. Mobile payment are standard. Bitcoins and blockchain technology found in China early adopters. Social media have – more than anywhere in the world – adopted payment systems to facilitate online trade.
The surprise announcement Alibaba’s Ant Financial is trying to buy MoneyGram International is not a done deal, warns Beida business professor Jeffrey Towson. Chinese companies buying American ones are under scrutiny and in the financial industry it would be a first one, he tells the VOA.
Tencent, Alibaba and Wanda are trying to gain dominance in the entertainment sector. Getting hold of the distribution is one of the key points the winner needs to get right, says Beida business professor Jeffrey Towson on his weblog.
2016 is going to be the year where outbound investments from China are going to be a major story. Not only generate IPO´s from Alibaba and JD, much capital that used to be locked up in China, is now looking for opportunities to go abroad. A few of our speakers at the China Speakers Bureau focus on that development.
Alibaba is pushing into the entertainment industry. The internet giant has one huge advantage, traditional filmmakers can only dream of, says business professor Jeffrey Towson in the Nikkei Asia Review. “Alibaba is attempting to create a new type of smart production that replaces “big bets” with “big data”.”
Competition in China is bloody and fierce, but as the Chinese internet companies go global, also China’s internet wars go global, says William Bao Bean, partner at SOSV to FTChinese. Didi taking on Brazil’s 99, its home-grown taxi-hailing app, it a telling sign.
Innovation and China seemed have been at odds for a long time. But the country known for its copy-cats has made huge strides forward, and innovation has become a key feature in the country´s development. Not surprising, also speakers at the China Speakers Bureau reflect that important development.