Since 2016, Alibaba has articulated a vision of global expansion and a target for half of all revenue to come from outside China. While its growth has been closely tied to the story of China’s incredible rise, it knows it must look to the world for its next stage of evolution amid evolving geopolitical and economic headwinds.ALIBABA IS BETTING ON THE CLOUD
It is no surprise that some of Alibaba’s core business in e-commerce has been badly hit by the coronavirus crisis, as consumer demand collapsed amid China’s first contraction inBut Alibaba’s e-commerce arm was already seeing thinner margins before the pandemic burst onto the scene, with revenue growth half compared to its golden years before 2017.
Tencent, which developed the popular WeChat social media and messaging platform, says it may benefit from the pandemic as people turn to cloud-based computing and work from home. TECHNOLOGY HOLDING TOGETHER ALIBABA’S ECOSYSTEM For instance, any transaction and information exchange in, say, an Alibaba Health online consultation, is captured in the cloud, then this becomes part of the"brain" for recommending products on Tmall.
Like the way how it rhymes 🙂