China’s digital economy leading the world

China is already more digitized than many other countries appreciate and has the potential to set the world’s digital land in coming years .

source :

•  http://www.icsi.edu/capitalmarketweek/UserProfile/tabid/4706/userId/1779355/Default.aspx

Baidu, Alibaba and Tencent (BAT) have driven the advanced economy forward, giving 42% of funding interest in China in 2016. Incorporating with conventional ventures, Baidu plans to offer independent driving items for sale to the public through its Apollo venture and is tending to wasteful aspects in medicinal services through the Baidu Restorative Cerebrum venture. Alibaba is obtaining retail outlets with the point of coordinating innovation to better oversee stock and raise net revenues. Alibaba has as of late put $2.88 billion in return for a noteworthy offer of hypermarket firm Sun Craftsmanship.

https://www.mckinsey.com/global-themes/china/chinas-digital-economy-a-leading-global-force

China’s three Internet giants are building a rich digital ecosystem that is now spreading beyond them. Baidu, Alibaba, and Tencent,  have been building dominant positions in the digital world by taking out inefficient, fragmented, and low-quality offline markets while driving technical performance such as computing efficiency to set new world-class standards. 

The BAT companies have been developing a multifaceted and multi-industry digital ecosystem that touches almost every aspect of consumers’ lives. The functionality offered by their “super apps” has increased about seven times since 2011. In 2016, BAT provided 42 percent of all venture-capital investment in China, a far more prominent role than Amazon, Facebook, Google, and Netflix that together contributed only 5 percent of US venture-capital investment in that year. Beyond China’s big three, other digital innovators such as Xiaomi and NetEase and traditional players such as Ping An are building their own ecosystems. China’s digital players enjoy the notable advantage of close links to hardware manufacturers. The Pearl River Delta industrial hub is likely to continue to be a major producer of connected devices because of its strength in manufacturing hardware.

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