China e-commerce: Renminbi to burn

FT Big Read

• Episode: China e-commerce: Renminbi to burn
• Website: FT Big Read
• Feed URL: http://rss.acast.com/ft-big-read
• Duration: 00:09:45
• Published: 2016-04-15 13:59

China’s online services sector is red-hot as customers turn to their smartphones to order services such as taxis, massages and food deliveries. But with an estimated Rmb50BN being spent a year on subsidies as competitors race to win market share, some see parallels with Silicon Valley in 1999

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