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Alibaba not only competes with non-Chinese companies but also domestic companies/banks which have a closer relationship to government than Alibaba. For example,
by wanghq 8y ago
Alibaba 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.