A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
March 1, 2018
On the web
Baidu, Alibaba, Tencent to disrupt Facebook, Amazon, Netflix, Google in Asia
Financial Review
“China’s tech giants are investing heavily across the region, upending a long-held assumption their US rivals – Facebook and Amazon – would dominate the global digital economy. Armed with strong backing from the Chinese government and a huge, digital-savvy market at home, companies like Alibaba and Tencent are catching up with – and in some cases overtaking – their US rivals, according to Jonathan Woetzel, director of the McKinsey Global Institute.”