“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. […]
WUZHEN, China—Amid rumblings of a U.S.-China trade conflict, Alibaba Group Holding Ltd. founder Jack Ma defended China against complaints that it creates barriers against outside competitors. Companies that struggle here may simply not be taking the right approach, Mr. Ma said Tuesday at a prominent internet forum. “I gave advice to Jeff Bezos 10 years […]
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.
Shares of global technology companies are outpacing other sectors this year by the widest margin since the height of the dot-com era, with a handful of key players dictating how markets are performing around the world. That dynamic was on display again Tuesday, when the Nasdaq Composite rose 1.06% to end at its 67th record […]
HONG KONG—E-commerce giant Alibaba Group Holding Ltd. is making another big bet on brick-and-mortar, saying it will pay $2.88 billion for a 36% stake in China’s second-largest big-box retailer, Sun Art Retail Group Ltd. Alibaba, which runs the world’s largest online shopping operation, sees traditional retail venues as a way to expand its reach into […]