The last few years have seen Alibaba, the Chinese tech and e-commerce juggernaut, go from being a shaky, unknown start-up to something of a household name from Detroit to Delhi. At some point along its path to success, the company has also become one of the world’s favourite success stories. It’s a rags-to-riches tale of sorts, and it doesn’t hurt that the lead character in the story, CEO Jack Ma, is widely considered “one of China’s most unlikely tech founders”. After all, everyone loves an underdog. Continue reading
Alibaba, Alibaba: it’s a word that’s increasingly on people’s lips. Certainly, it’s a pleasing name: playful to pronounce and universally recognisable, evoking something at once known and foreign.
But, beyond talking about the Chinese e-commerce giant’s IPO (which claimed the title of largest global IPO ever) and how successful the start-up from southern China has been, we hear far less said about why. Continue reading
Tencent’s announcement last month that its popular mobile social network, WeChat, has reached a milestone of 500 million monthly active users didn’t only grab people’s attention because of the four-year-old app’s impressive growth figures. Within both emerging and developed markets, WeChat has become a symbol of a mobile social network’s ability to monetise by providing a space where users and brands can connect. Continue reading