Alibaba and Tencent have a domineering presence in China’s business world, not only due to their successful products and services but also because of their prolific investment in start-ups across just about every industry. This article from LatePost, a business analysis WeChat account, explores their differing investment strategies, how their investment goals evolved over time, and why competition between the two companies is intense despite their different business focuses. This article is an insightful read for anyone interested in the future direction and ambitions of these two tech giants as well as their current influence in China and the world.
About the Authors
Yiwen Guan and Fang Gong Yi Liu are writers for LatePost. A collaboration between Caijing magazine and a team of China’s top business journalists, this WeChat public account features in-depth analysis of Chinese companies and industries.