A mobile screen with apps from the four Chinese technological giants – Baidu, Alibaba, QQ from Tencent and MI from Xiaomi. Photo: AFP / Riccardo Milani / Hans Lucas
Amazon’s stock rose 6.5% during 2021, while its closest Chinese equivalent, Alibaba, lost nearly half its market capitalization. So why is Alibaba investing more in its business than Amazon? The American retailing and computing behemoth is worth more than five times its Chinese competitor, but by 2022 Alibaba will invest about 60% more than Amazon, […]