“We believe that share will continue to consolidate around the largest platforms into an oligopolistic market structure,” Bellini wrote in a note. She believes in a consolidation because the aforementioned companies are able to provide differentiated, value-added services that draw consumers to their platforms, as well as make significant capital investments in the short term. […]
HANGZHOU, China (Reuters) – In a small village shop near the eastern Chinese city of Hangzhou, store owner Lu Qiwei uses his smartphone to place orders to refill stocks of instant noodles, rice and drinks. Lu, 61, says he didn’t own a phone two years ago, but he’s now one of 600,000 people using a […]
(Reuters) – A U.S. appeals court on Tuesday revived a lawsuit accusing Alibaba Group Holding Ltd of defrauding shareholders by concealing a regulatory warning about counterfeiters that the Chinese online retailer had received shortly before going public. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled 3-0 that a lower court judge erred in […]
Starbucks is going venti in China. The Seattle-based coffee company opened a 30,000-square-foot store in Shanghai on Tuesday. It’s the first Starbucks Reserve Roastery — the company’s new retail offering — outside the U.S. It’s also the largest Starbucks in the world, spanning an area nearly twice as large as the next biggest, a Roastery […]
Tencent and Alibaba are among the firms that assist authorities in hunting down criminal suspects, silencing dissent and creating surveillance cities. Their efforts are part a state campaign to build one of the world’s most ambitious surveillance systems.
Cities around the world have embraced the sharing economy — Seoul, Amsterdam, Milan — but China is the first country to frame it as a “national priority.” While innovation can’t be conjured on demand, Beijing has financed start-up incubators, offered tax incentives, formed think tanks and kept foreign competitors away. “This is state capitalism,” says […]