By Justin Leverenz, Team Leader and Senior Portfolio Manager, Bhavtosh Vajpayee, CFA, Director, Equity Research
China’s experiments in shopping have moved into high gear. The world needs to pay attention.
We believe China is ground zero for the future of retail and the West will learn from and adapt the experiments that are already moving to scale in the East.
Consider Alibaba (BABA), the Chinese Internet giant whose wide-ranging businesses span e-commerce, offline retail, fintech, online video, maps and browsers, and artificial intelligence. By end of its latest fiscal year (March 2019), Alibaba's business