E-commerce: The age of Amazon and Alibaba is just beginning

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Amazon and Alibaba represent a new type of conglomerate. How should rivals and governments adapt?

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There be giants

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E-commerce

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A tsar is born

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E-commerce

SHOPPERS will spend record sums online in the next few weeks—in China for Singles Day on November 11th, in America on Black Friday and around the world in the run-up to Christmas. E-commerce has been growing by 20% a year for a decade, shaking up industries from logistics to consumer goods. Nowhere does debate rage more fiercely about what this means than in America, where thousands of stores have shut this year and where retailing accounts for one in nine jobs.
Astonishingly, online shopping has only just got started. Last year it amounted to a mere 8.5% of the world’s retail spending. In America the share was about 10%. Its effects on business and society will …
Source: Retailing
E-commerce: The age of Amazon and Alibaba is just beginning