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Jul 10, 2018

Meet, the Chinese E-Commerce Giant

When I started monitoring & including WeChat in talks a few years back, I came across the "Kingmaker Strategy": Buy a significant share in a fast growing (potential) leader in a segment, and leverage that investment by (sometimes exclusively) integrating that company in your own service. That's what Tencent did with (wouldn't integrate Alibaba as they have that big rivalry) on WeChat, and now that company has grown to a 65bn USD valuation. This is an interesting article on Wired about how they use automation and robotics, and what their approach to ecommerce is.