BABA - Digital China: Transforming To Greater Competitiveness
China is already a major player in digital technologies at home and around the world, and it has enormous growth potential. As digital forces shake the status quo and restructures value chains, an even more globally competitive Chinese economy and dynamic firms can emerge. China continues to shrink the technology gap between itself and more developed countries and lead the world in the adoption of ecommerce and mobile payments. China has become more active in the venture cap arena, both in seeking funding for its new companies as well as investing in emerging technologies abroad.