Jack Ma eyes acquisitions to weave his magic again
By Andrew Moody (China Daily Europe) Updated: 2016-02-06 15:56
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A picture illustration shows a WeChat app icon in Beijing, December 5, 2013. [Photot/Agencies] |
Some argue the group would be better served paying more attention to and investing in its flagship retail platforms.
Comparisons are made between Alibaba and its great Chinese Internet rival Tencent - founded by Ma Huateng and Zhang Zhiding in 1998.
It has consistently focused on its core activities and, in particular, WeChat, which was launched in 2011 as China's answer to WhatsApp and now has 650 million active users.
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