Economists differ very much on the future of China’s short term economic direction, upwards or downwards. But in every case, e-commerce giant Alibaba is going to be a winner, predicts consumer analyst Ben Cavender in Bloomberg.
Bloomberg:
“Alibaba is probably in the best position right now of anybody – they have the platform in place, and the critical mass of eyeballs,” said Ben Cavender, an analyst at China Market Research Group in Shanghai, which advises retailers…
The ability of online retailers to offer cheaper prices may help them attract cost-conscious consumers as China’s growth weakens, said analyst Cavender. China’s economy expanded 8.1 percent in the first three months of this year, the fifth quarterly deceleration.
“Even if there is an economic slowdown, you’d expect the e-commerce companies will be affected less than the brick-and- mortar stores,” Cavender said.
Ben Cavender is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers’ request form.
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