An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, in Zhejiang province. Photo: Reuters

China’s largest tech companies have spent billions on investments, but are they smart shoppers?

Alibaba and Tencent, two of Asia’s most valuable companies, have made an array of investments as they build their ecosystems and go head-to-head in “new retail”

Topic |   China technology

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An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, in Zhejiang province. Photo: Reuters
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