Global Times – Alibaba, Amazon battle for global market

PCV believes this is worth watching because of the two heavyweights involved and their distinct business plans.

April 20, 2017

China’s cash-rich tech giant Alibaba Group Holding is racing to expand beyond its home market, heralding possible battles with Inc for global e-commerce and cloud computing market share.

One of Alibaba’s latest steps toward further global presence came with the announcement on Wednesday of a merger between its financial affiliate Ant Financial with helloPay Group, a payment platform on Southeast Asian e-commerce site Lazada.

Alibaba is betting on Southeast Asia’s e-commerce, which is expected to be worth $88 billion to $122 billion by 2025, according to a report co-issued by Singapore investment firm Temasek.

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