Category Archives: Alibaba
Almost half of China’s top-1000 wealthy saw their resources decline, according to the 14th annual Hurun Report, published today. The total number of billionaires dropped and 37 even lost more than half of their wealth, says Hurun founder Rupert Hoogewerf.
Economists differ very much on the future of China’s short term economic direction, upwards or downwards. But in every case, e-commerce giant Alibaba is going to be a winner, predicts consumer analyst Ben Cavender in Bloomberg.
Alibaba’s CEO Jack Ma, the leading e-commerce site in China, made some waves by suggesting he might be buying the struggling US-site Yahoo. Serial entrepreneur Marc van der Chijs discusses on his weblog how Alibaba could use Yahoo to get into the US market.
Celebrity author Helen Wang of The Chinese Dream: The Rise of the World’s Largest Middle Class and What It Means to You addressed last month the American Chamber of Commerce in Shanghai and focused on the opportunities for US companies in China. “Opportunities abound in luxury goods, healthcare, education and clean technology.”
Paul Denlinger “From the perspective of those who have experience with the brutally competitive Chinese market where virtually no non-Chinese companies have succeeded, Groupon’s management seemed to make all the…