OPINION

Alibaba may well have met its match in America

News, Christopher Balding, Published on 20/06/2017

» Alibaba Group Holding Ltd, already the largest Chinese firm by market capitalisation, is nothing if not ambitious. Its chief financial officer, Maggie Wu, recently told investors she expects revenue to rise by up to 49% next year, a staggering prospect. But perhaps more staggering is how Alibaba hopes to get there: In part, by tapping the US market.