Which country will be the biggest in global commerce?
The next big innovation to come out of the global economy will come from China.
This will be an economy with an eye on sustainability, said Andrew Niederhauser, the chief executive officer of ecommerce giant Alibaba Group Holding Ltd.
“China is the only country that can really provide the kind of global standards for everything.
They have this very unique combination of global reach and national focus.”
The new China is an industry leader in making everything from cars to digital cameras to smartphones.
It also has a global footprint.
Alibaba has its headquarters in Shenzhen, the capital of China.
Its biggest operations are in the United States and Australia.
But it’s expanding its footprint in the Asia Pacific region, too.
It announced plans last month to open an office in Hong Kong and plans to open a new office in India by the end of the year.
It is also launching its first joint venture with China’s Alibaba Group, which also owns the online shopping platform Taobao.
The new business partnership aims to provide a platform for Chinese companies to export products to customers in other countries, and to make it easier for Chinese consumers to shop from China on Alibaba’s site.
“We want to leverage that as a base for growth,” Niedersaid.
The Alibaba Group will partner with local companies and help them scale their operations and expand.
Alibaba’s China-based logistics group, Xunping, has announced plans to expand into Asia.
And in April, Alibaba announced a $1 billion partnership with the e-commerce giant Amazon.com Inc. to help it expand its retail and logistics operations.
The e-retailer is looking to expand its distribution of its online retail services to the Asia-Pacific region.
Niedering said that as the number of international buyers in China continues to grow, it will be a major factor in how the company is going to grow in the future.
“The growth is really driven by international buyers,” he said.
Beijing-based digital advertising giant Tencent Holdings Ltd.
also has its sights on the Asia market.
Tencent is looking at the potential of Asia as a new market for the company to grow.
The company is launching a new online video platform called MOB, which will allow it to offer a variety of content and content delivery services to Asian customers, including online shopping and online gaming.
TenCent will be focusing on Asia in particular, Niederer said.
The two companies also have plans to collaborate on new products in China.
Niesering said Tencent has plans to build a network of more than 200 million Chinese users in Asia, a number that he said is on the rise.
“One of the challenges we have is we don’t have the capacity to handle it all, but we can make a difference,” Nieser said.