Friday, September 19, 2014

Alibaba's IPO to end US dominance in technology sector: expert - Xinhua | English.news.cn

Alibaba's IPO to end US dominance in technology sector: expert - Xinhua | English.news.cn: Alibaba's IPO could well be the end of U.S. dominance in the world technology sector, a professor from a Britain's business school told Xinhua on Thursday.

"Alibaba's annual growth rate of more than 30 percent shows that the gap between the Chinese companies, Alibaba and Tencent, and U.S. companies is getting ever closer," said Qing Wang, professor from Warwick Business School, one of the most prestigious and highly selective business schools in the world.

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