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It's easy to blame Chinese government as it's political correct. But don't forget, Chinese market is also a fully competitive market.
by taobility 8y ago
It's easy to blame Chinese government as it's political correct. But don't forget, Chinese market is also a fully competitive market.
- pietroglyph 8y agoI agree that it's easy to blame the Chinese government in this case, and that there's more to it than that, but just because competition exists in the Chinese economy doesn't mean the government isn't adjusting the scales behind the scenes.
- wanghq 8y agoAlibaba not only competes with non-Chinese companies but also domestic companies/banks which have a closer relationship to government than Alibaba. For example, imagine how hard to start Alipay business when banks don't support you.
- pietroglyph 8y agoThat wasn't really my point… I agree there's competition, but my point was that business are behilden to the government's wishes behind the scenes.