Amazon and Alibaba battle it out in Asia
20 years ago, who could understand what this headline meant? It still sounds pretty odd even today for those who are not familiar with or users of these two e-commerce giants.
Amazon is a two-decade old veteran in online sales, started in the US and has expanded to many other counties. The company is also the leading provider of cloud infrastructure services.
Founded by an English teacher in 1999, Alibaba is a leading e-commerce and online payment service provider in China. Their e-payment service, Alipay is becoming one of the two dominant payment platforms along with WeChat Pay.
Though it is a real battle between American and Chinese, fortunately it is just in the market place in South East Asia, not in the disputed waters.
Enjoy reading and thinking who will be the dominant, or most liked player in the market 10 years from now.
http://www.bbc.com/news/business-40813092
No comments:
Post a Comment