Alibaba is “top tech disruptor” according to KPMG
Professional services company KPMG has just released its 2018 Global Technology Innovation Report, an in-depth survey of 800 technology industry executives. The findings are clear: Alibaba is the world’s top tech disruptor. This marks the first time that a Chinese company has been named in the top spot, and is a clear indication of the impact that the country’s technological powerhouses (notably Alibaba, Tencent and Baidu) are having on the global landscape.
Alibaba’s share price has risen by 21% so far this year
SOURCE: Yahoo Finance
According to the Big Tech experts surveyed, now is not the time to be cautious. Advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), and other areas necessitate a pro-innovation approach to business. The risk is huge: disruption.
In naming the companies that these respondents felt could disrupt their own businesses, there was a clear winner: the king of Chinese Ecommerce, Alibaba. The FANG stocks (Facebook, Amazon, Netflix, and Google) represented for the U.S., with Facebook coming second. However, the perceived gap between Alibaba’s ability to disrupt and Facebook’s is significant.
The businesses most at risk for disruption are largely the ones that you may expect: media (threatened by social media, streaming video on demand, and AI-powered news curation); the automotive industry (which is having to adapt to electrification and autonomous driving); and consumer markets and retail (which is already undergoing a profound shift into digital landscapes).
With the Chinese Ecommerce scene already dwarfing that of other countries, is Alibaba destined to eventually become the world’s biggest player in this crucial sector?
Dominion holds Alibaba, as well as Tencent, Baidu, Amazon, Netflix, and Alphabet (the parent company of Google), in its Global Trends Ecommerce Fund.
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