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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.”

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