Alibaba is now the world’s largest retailer, surpassing Walmart for the first time. From making its first online transaction in 2003 to now being a business worth 3 trillion yuan, Alibaba has moved step by step towards stimulating the country’s purchasing power and creating a new economic model. What lies behind the company’s success, and how significant is its impact on the wider Chinese economy? Some have said that Alibaba has not only helped the Chinese government by boosting domestic demand and boosting consumption, but has also been helped by the government in return. What is the relationship between the two? And as retail increasingly moves online, will traditional shops become obsolete? Join us for a discussion with Professor Wu Changqi from Guanghua School of Management at Peking University; Professor Liu Baocheng, Dean of the Center for International Business Ethics at the University of International Business and Economics; and Max Wolff, a Professor of Economics from the New School University of New York.
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