Chinese Internet Giant !
A new generation of people takes power in China. No gray graduate committee of the Communist Party . But aggressive , entrepreneurial and often colorful Internet billionaires.
And to influence domestic politics , many plan to get out on the world stage in 2014.
They follow a path by Huawei, the telecom OEM way. But with products and services that have less to do with infrastructure and ownership of the more familiar critical structures in the West , internet giants China are unlikely to hit trade barriers and similar national security.
Leading the charge is Jack Ma , founder of Alibaba, an online bazaar that allows a company to sell almost any item to any other company .
On Alibaba, you can buy a machine for converting the tires of cars in the oil, a kilo of toad venom extract ” good ” or a full sized Sponge Bob bouncy castle. Jeff Bezos of Amazon wanted to be ” all store “, but My first built .
Most vendors are , of course, the Chinese, but Alibaba is increasingly used by exporters in the world and the company is in an enviable position to benefit as trade becomes more global and online. The Company expects that the Chinese e -commerce will be worth more than the United States and the European Union met in 2016.
” Increasingly , we find that the markets were that buyers are increasingly providers too,” said James Hardy , head of Europe Alibaba.com.
” Some decide a strategy and then look for evidence to support others, such as Alibaba , watch data – . Internally and externally – and only then make strategic decisions on growth and market opportunities .
“The decision that we are entering the markets Russia and Brazil was the product of the analysis of external data and combining it with many internal data. ”
Fulfilling My Internet makes it unique among the plutocracy of China. While other Chinese billionaires have built empires online that closely resemble Google or Twitter , Alibaba has no equivalent in the West. Amazon and eBay consumer targets.
As such , Ma was crowned with awards by the business media in the West in recent years. After introductions of Facebook and Twitter, Wall Street is hungry for new technology stocks and would like to get their hands on Alibaba.
It is easy to see the attraction. Revenues for the third quarter Alibaba rose 60pc to $ 1.73bn ( £ 1bn ) . In the same period its profits more than doubled to $ 717m , more than double what Facebook is on roughly the same sales. PrivCo , a firm specialized investment research in private companies , says Alibaba is “conservative” is worth $ 110 billion , which would propel Ma at the top of the rich list in China.
NYSE, Nasdaq and the London Stock Exchange were among the scholarship woo Ma hoping to get a list from his talks with the flotation Stock Exchange of Hong Kong broke down in September .
The island authorities were concerned about the structure of the action at two levels of Alibaba, giving Ma and other executives more voting rights than ordinary shareholders. This is a common configuration for the giants of Silicon Valley led by their founders, however, including Facebook and Google, as the NYSE were happy to note.
The kowtowing to My may be considered as part of a change of greater power for the technology industry in China, a country that was best known as the assembly line.
The most striking example of the trend is Xiaomi , a manufacturer of smart phone that has three years the Russian billionaire Yuri Milner among its investors. It makes high -end devices that compete with the iPhone to the attention of young wealthy Chinese , and at last count , beat rival California .
Although its smartphones are cheaper than Apple, they are not cheap to make . Xiaomi sees itself as an Internet company striving to capture the customers of its services , in the mold of Kindle Fire tablet Amazon business . Xiaomi is fiercely ambitious and marketing exceptionally sophisticated for a Chinese consumer electronics manufacturer.
Last week, he began his push for international expansion in Singapore and its founder, Lei Jun, trust announced that it aims to sell more than double this year to 40m handsets . No western rival would dare create such a hostage to fortune .
The prediction was delivered on behalf Sina Weibo , the Chinese equivalent of Twitter . Sina, the company behind the service is managed by another elite Technology of China, Charles Chao. Already listed on the Nasdaq , shares of Sina doubled last year on the growth of the service , which claims 600m users, not far from what is Twitter .
Such is the influence of Sina Weibo in China that Eric Schmidt, Google executive chairman , predicted that he will play a major role in the progressive democratization of the country .
” You can not imprison enough Chinese people when they all agree on something. You will not be able to stop it even if you do not like it ,” he said .
Sina Weibo has become the most open in the Chinese media forum, but it filled a void left when censors cut off access to Twitter, by agreeing to limit certain subjects.
It is not the only internet powers native of China have benefited from a more cooperative approach to government. Baidu, the search engine in China, was helped when Google was forced to China by an array of government in 2010 , and has an iron grip on the market for web search .
The same can not be said for WeChat another Internet service Schmidt identified as a strength liberalization in China. It is part of a small group of applications for smartphones that offer what amounts to free text messaging and is already in a fight with WhatsApp, the leader of the West, and the line, a Korean efforts – Japanese .
Each has hundreds of millions of users and is looking away from their homeland , knowing that the scale usually wins online.
This battle is a sign of things to come as the effect of globalization and mobile Internet becomes truly global . Internet powers China are rising