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PR Newswire
17-08-2021, 07:43 PM
Delivering economic growth is the CCP's only reason for existence. Without which, its popular support to rule the country will be no more, and CCP will be finished.
Without a strong economy, China will also find it much harder to exert global/regional influence. And China certainly does not want to be cornered by its neighbours and/or Western nations.
Future growth of Chinese companies will continue to be driven by tech adoption to improve efficiency and productivity. Imagine the inefficiencies on merchants if there were no alipay or wechatpay, or if there were no taobao/alibaba to facilitate domestic consumption and export trade.
Because of the scale of its e-commerce infrastructure, baba is a 'tax collector' on retail spending in China. And e-commerce spending (in both volume and unit price) in China will only grow. Its per capita income is still a fraction of developed nation like US or SG.
But how high or low this tax income may be depends on how tough the regulators are.
Of all the 'distressed Chinese tech,' I think baba has the lowest probability of being 'killed.'
Without a strong economy, China will also find it much harder to exert global/regional influence. And China certainly does not want to be cornered by its neighbours and/or Western nations.
Future growth of Chinese companies will continue to be driven by tech adoption to improve efficiency and productivity. Imagine the inefficiencies on merchants if there were no alipay or wechatpay, or if there were no taobao/alibaba to facilitate domestic consumption and export trade.
Because of the scale of its e-commerce infrastructure, baba is a 'tax collector' on retail spending in China. And e-commerce spending (in both volume and unit price) in China will only grow. Its per capita income is still a fraction of developed nation like US or SG.
But how high or low this tax income may be depends on how tough the regulators are.
Of all the 'distressed Chinese tech,' I think baba has the lowest probability of being 'killed.'