Original article by Lisa Murray
The Australian Financial Review – Page: 3 : 1-Mar-18

The McKinsey Global Institute estimates that China now accounts for more than 40 per cent of global e-commerce in terms of transaction value. McKinsey director Jonathan Woetzel says there is a growing view that Chinese technology companies rather than their US counterparts will become the dominant players in the global digital economy. TechSydney director Bede Moore notes that cashed-up Chinese technology companies are ramping up their investment in Asia.

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McKINSEY GLOBAL INSTITUTE, TECHSYDNEY, ALIBABA GROUP HOLDING LIMITED, TENCENT HOLDINGS LIMITED, FACEBOOK INCORPORATED, AMAZON.COM INCORPORATED, WECHAT, LAZADA, TOKOPEDIA, ANT FINANCIAL, JD.COM INCORPORATED, CENTRAL GROUP OF COMPANIES, BAIDU.COM INCORPORATED