Lessons from Alibaba and JD.com. The difference between Jack Ma and Jeff Bezos.Harvard Business ReviewIn the Face of Lockdown, China’s E-Commerce Giants Deliver Chengyi Lin, affiliate professor in strategy at INSEAD in Fontainebleau, France Also at HBR Now is the time for major corporations to make good on their commitments. Coronavirus Is Putting Corporate Social Responsibility to the TestMark R. Kramer How AI, genomics, and automation are powering biotech breakthroughs....Deep Nishar,...
Read More »China’s Digital Payment Revolution: Lessons for Libra — Dongyao Nie
China is already there. Why. Government permissiveness that has not been forthcoming in the West since it would greatly reduce banks' revenue from retail transactions. But in China the banking system is largely government owned, so it is not the same issue.The DiplomatChina’s Digital Payment Revolution: Lessons for Libra Dongyao Nie, news researcher at Al Jazeera English based in Washington DC
Read More »Lucinda Shen — Alibaba’s Ant Financial Just Launched a Blockchain-based Remittance Service
Though Alibaba co-founder Jack Ma may think Bitcoin is in a bubble, the firm still believes in blockchain, the technology underlying cryptocurrencies. Ant Financial, Alibaba’s $150 billion financial affiliate, launched a blockchain-based service that lets Hong Kong’s large Filipino working population send funds to family back home quickly and securely. For now, the program is in a three-month trial period during which transaction fees will be waived.... FortuneAlibaba's Ant Financial Just...
Read More »Nick Routley — China’s Digital Wallets Offer a Glimpse at the Future of Payments
The numbers are astounding. Most people outside of China probably have no ideal what is happening and how quickly it is happening.Visual CapitalistChina’s Digital Wallets Offer a Glimpse at the Future of PaymentsNick Routley
Read More »Xinhua — Alibaba tops Amazon as biggest e-commerce company
Milestones Chinese e-commerce giant Alibaba surpassed its U.S. counterpart Amazon as the world's biggest e-commerce company Tuesday as the Hangzhou-based company reached the threshold of 470 billion U.S. dollars in market value.… Alibaba's net profit jumped 96 percent to more than 2.1 billion dollars year-on-year in the first fiscal quarter ending June, beating market expectations. Moreover, the number of active buyers on Alibaba's retail platform climbed to 466 million, accounting for...
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