alibaba, digitization, e-commerce, electric vehicles, iot, smart city, tencent

Digitization: Is China Now Leading the World?

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 ...

Max Lu

A man using digital tablet with building holograms and internet media icons seeming to float above it.

Billionaire Jack Ma Resurfaces After 3 Months

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 ...

Max Lu

Jack Ma giving a speech on stage.

Thrashed by Competition, Amazon Shuts Down Domestic Marketplace in China

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 ...

Max Lu

Amazon in China.