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Chinese Internet Giants Disrupt Traditional Markets.

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Walton, Nigel (2014) Chinese Internet Giants Disrupt Traditional Markets. The Oxford Analytica Daily Brief.

[thumbnail of F__Oxford Analytica - China BAT Internet firms.pdf]

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F__Oxford Analytica - China BAT Internet firms.pdf - Published Version
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Official URL: https://www.oxan.com/display.aspx?ItemID=DB193092

Abstract

Three large Chinese Internet firms known as BAT (Baidu, Alibaba and Tencent) have now become the largest private sector companies in China by market capitalisation and revenues. These technolology conglomerates have become known in Asia as the new “tech kereitsus” because of their ability to disrupt a range of industries and markets including media, transport, retail and financial services. By adopting a marketplace model, which allows merchants to interact with customers and avoids any physical shipment of goods, these `pure Internet` firms are changing the economics of many traditional state-owned business sectors. This is a trend that has been triggered by the rapid diffusion of smartphone ownership, with 500 million Chinese citizens using mobile devices to transact business over the Internet.

Item Type:	Article
Additional Information:	Staff and students at the University of Worcester have access to the full-text. External users should check availability with their local library or Interlibrary Requests service.
Uncontrolled Discrete Keywords:	China, technology, internet firms, market economy
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HE Transportation and Communications H Social Sciences > HF Commerce T Technology > T Technology (General)
Divisions:	College of Business, Psychology and Sport > Worcester Business School
Related URLs:	Publisher
Depositing User:	Nigel Walton
Date Deposited:	12 Sep 2014 17:13
Last Modified:	17 Jun 2020 17:04
URI:	https://eprints.worc.ac.uk/id/eprint/3374

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