BC Business
Two of China's biggest tech companies, Tencent Holdings and Alibaba Group, dominate the ways Internet users communicate, get around, entertain themselves, invest, shop or visit their doctor. The two companies branched out long ago from their core businesses—games and social media for Tencent, e-commerce for Alibaba—and compete in areas...
Two of China’s biggest tech companies, Tencent Holdings and Alibaba Group, dominate the ways Internet users communicate, get around, entertain themselves, invest, shop or visit their doctor. The two titans branched out long ago from their core businesses—games and social media for Tencent, e-commerce for Alibaba—and compete in areas like messaging, microblogging, video streaming, cloud computing and even delivering food. Now their battle continues with digital money on smartphones. Morgan Stanley predicts that by 2027, Alibaba could be making US$19 trillion in China—more than Amazon.com’s potential market worldwide.