China’s Dangerous Digital Agenda
Instead of responding to China's digital rise, the European Union has remained fixated on the global success of American platforms like Amazon, Facebook, and Google, even threatening punitive actions against them. But there is mounting evidence that the real competitive challenge for Europe will come from the East.
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WASHINGTON, DC/BRUSSELS – When the Chinese e-commerce juggernaut Alibaba listed on the New York Stock Exchange late last year, it became the world's 17th largest publicly traded company overnight, with a market capitalization of $230 billion – larger than Amazon, eBay, or Facebook. Europe, however, seems to have missed the news.