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A Case Study of Ant Finance’s Innovation Journey — From a Platform Economy Perspective

Author

Listed:
  • Hervé Alexandre

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

  • Kok Lian Woo

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique, Shenzhen Technology University)

Abstract

During the spring of 2021, the Chinese government profoundly changed its relationship with large digital platforms; the government had decided to strengthen their supervision, fight against monop- olies, and promote fair competition. Until then, technology giants such as Alibaba, Tencent, Baidu, and JD.Com dominated a fast-growing market, especially in China, where Fintech represented a very important part of the retail market among middle-class consumers. Various political and economic reasons can be provided for this choice. This paper showcases the economic power of the two-sided markets approach of these platforms today and describes the late but violent reaction of the Chinese government, worried about its economic and monetary sovereignty.

Suggested Citation

  • Hervé Alexandre & Kok Lian Woo, 2023. "A Case Study of Ant Finance’s Innovation Journey — From a Platform Economy Perspective," Post-Print hal-04305677, HAL.
    • Handle: RePEc:hal:journl:hal-04305677
    DOI: 10.1142/S2811004823500057
    as

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