Book contents
- The Chinese Corporate Ecosystem
- The Chinese Corporate Ecosystem
- Copyright page
- Contents
- Figures
- Acknowledgments
- Introduction
- Part I Different Types of Chinese Corporate Ecosystem
- 1 Why Is Huawei So Strange?
- 2 An Ecosystem for Private Enterprise Growth
- 3 State-Owned Enterprises
- Part II Forces Acting on the Corporate Ecosystem
- Part III Impacts on the Natural/Human Ecosystem
- Notes
- Index
2 - An Ecosystem for Private Enterprise Growth
Alibaba, Ant Group, and Small/Medium Enterprises
from Part I - Different Types of Chinese Corporate Ecosystem
Published online by Cambridge University Press: 21 July 2022
- The Chinese Corporate Ecosystem
- The Chinese Corporate Ecosystem
- Copyright page
- Contents
- Figures
- Acknowledgments
- Introduction
- Part I Different Types of Chinese Corporate Ecosystem
- 1 Why Is Huawei So Strange?
- 2 An Ecosystem for Private Enterprise Growth
- 3 State-Owned Enterprises
- Part II Forces Acting on the Corporate Ecosystem
- Part III Impacts on the Natural/Human Ecosystem
- Notes
- Index
Summary
This chapter traces the incredibly rapid expansion of the platform e-commerce and financial conglomerates Alibaba and Ant Group. It shows how they took advantage of government fragmentation and dependence on the private economy to attract huge foreign investment, using the variable interest entity (VIE) legal loophole, and then to diversify into payment services (Alipay) and finance in conjunction with state financial institutions, attracting hundreds of millions of customers and tens of millions of SME merchants. The chapter analyzes the key struggles between this Alibaba/Ant "corporate ecosystem" and government regulators seeking to protect consumers, finding that reports of a reining in of Chinese private firms by the Chinese Communist Party are premature.
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- Information
- The Chinese Corporate Ecosystem , pp. 49 - 85Publisher: Cambridge University PressPrint publication year: 2022