alibaba, digitization, e-commerce, electric vehicles, iot, smart city, tencent
Not too long ago, China was ranked among the technologically backward countries, for sure. However, cut to 2021 and the picture is totally different. It seems China may now be leading the world in digitization. It is now among the thriving digital economies of the world with almost 1 billion web users and its e-commerce ...
At the Bund Finance Summit in Shanghai on Oct. 24, 2020, Jack Ma, founder of Alibaba and fintech giant Ant Group Co., raised quite a few eyebrows by making some controversial statements, like drawing parallels between Chinese banks and pawn shops and stating that China does not encourage innovation, thereby reducing chances of growth and ...
Global e-commerce giant Amazon has announced that it will be shutting down its domestic marketplace in China. Amazon apparently could not compete with local e-commerce rivals and decided that pulling the plug would be an economically wise decision. Shutting down Amazon’s operations “We are notifying sellers we will no longer operate a marketplace on Amazon.cn ...