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A Study of the Success of Amazon, Alibaba, JD.com, Pinduoduo and Meituan
Xue Yunkui – Professor of Accounting, CKGSB Revenues and Growth With 97% of its sales coming from its online marketplace Amazon is the quintessential Internet company. Since its listing in 1997 until 2021, Amazon has enjoyed a compound annual growth rate (CAGR) of 40.0%, however, over the last decade Amazon’s growth rate of 25.4% has fallen short of …
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Five Reasons Why Digital Transformation Fails in Companies
Shi Weilei, Professor of Managerial Practice, CKGSB Many academics and practitioners study successful companies that have gone through digital transformation to discover the secret behind their success. But in this case, we look at the failed cases, ones that have gone bust. By doing so, we hope to find common causes that lead to failure. We studied 12 state-owned enterprises (SOEs), private …
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Alibaba vs JD.com: A Comparison of their ‘Flywheel’ Models
On Single’s Day 2021, China’s largest online shopping festival, Tmall’s gross transaction volume (GMV) reached RMB 540 billion (USD $79 billion), a year-on-year increase of 8.5%, while JD.com’s GMV reached RMB 349 billion (USD $51 billion), a year-on-year rise of 28.6%. Under such intense e-commerce competition, it is rare that two established e-commerce companies can …
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The Ups and Downs of ByteDance’s Journey to Success
ByteDance was at one point considered the most successful Chinese Internet company in the world in terms of global users before its signature product, TikTok, was blocked in India and scrutinized by authorities in the United States. ByteDance, a Chinese Internet company founded in 2012 and now valued at USD $180, has created phenomenal brands …
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2022: The year the Metaverse comes of age?
It has been believed that the metaverse is the next step in the development of the internet. The term was coined in 1992 in Neal Stephenson’s novel Snow Crash. His concept of the metaverse was a digital universe which one could access via augmented and virtual reality. Although previously associated with sci-fi, the metaverse is …
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