The head office in Beijing of Baidu, China’s biggest search engine. The acronym of the moment, as China encourages its entrepreneurs to build internet businesses to rival those in Silicon valley, is “Bat”: Baidu, Alibaba (China’s answer to Amazon) and Tencent (the nearest thing to Facebook). Photo: AFP

How innovative China is beating Facebook, Google and Amazon at their own game

Niall Ferguson says China, unlike Europe, has shown great economic and political acumen in choosing to challenge the dominance of US internet giants

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The head office in Beijing of Baidu, China’s biggest search engine. The acronym of the moment, as China encourages its entrepreneurs to build internet businesses to rival those in Silicon valley, is “Bat”: Baidu, Alibaba (China’s answer to Amazon) and Tencent (the nearest thing to Facebook). Photo: AFP
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