Viewpoint: How China’s e-commerce playbook can help emerging economies transform
Thursday, March 14, 2019
By Ben Crawford
After decades of being regarded as “the world’s factory”, it’s no exaggeration to say that China has reinvented itself to become a global tech leader. It is already home to over half the world’s artificial-intelligence (AI) unicorns and has produced internet titans like Baidu, Alibaba and Tencent – also known as the BAT.
As the nation slips into its new role of being a leading innovator, especially in areas like e-commerce and mobile, it offers important lessons and reflections for other emerging economies.
To begin to understand China’s meteoric rise is to also realise the crucial role that the internet has played in all of this. This is hardly surprising when considering the internet’s potential to bring radical change across all industries and sectors. It impacts people’s lives in every way and paves the way for exciting developments in industries like robotics, AI and health care.
Photo courtesy of bfishadow.