Internet monopolies like Alibaba post mind-boggling margins in China, with the e-commerce giant alone notching up over US$9 billion in sales on November 11 during Singles Day promotion. Photo: AP
Cathy Holcombe
Opinion

Opinion

The View by Cathy Holcombe

Jury out on internet monopolies in China

Mainland online giants dominate the local market and enjoy fat profits, yet there is little sign of a backlash or attempts to curb their power

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Internet monopolies like Alibaba post mind-boggling margins in China, with the e-commerce giant alone notching up over US$9 billion in sales on November 11 during Singles Day promotion. Photo: AP
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