Trends Report

Keep An Eye On Baidu, Alibaba, And Tencent

The Big Three Chinese Disruptors Are Spurring Innovation In Financial Ecosystems Around The Globe

September 13th, 2017
EZ
Eryan Zhou
With contributors:
Frederic Giron , Travis Wu , Benjamin Ensor , Edoardo Zavarella , Bill Nagel

Summary

Baidu, Alibaba, and Tencent (BAT), China's most successful and influential internet companies, have been instrumental in moving Chinese commerce from cash-heavy toward cashless. As these disruptors establish themselves in the global financial services ecosystem, they are reaching out to consumers in other countries and posing a potential threat to traditional financial firms there. This report shows how the BAT firms influence Chinese consumers, analyzes their expansion strategies in the finance industry, and tells digital business pros how to react to stave off the threat.

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