The Biggest Winner In China In 2015? E-Commerce. - Gady Epstein - Beijing Dispatch
The future belongs to billionaire Jack Ma's Taobao.
Predicting the Chinese economy for just the next year is for chumps. Credit Suisse has taken an ambitious shot at what China will look like in 2015, in a 150-page report, and their call is that the fastest-growing business sector will be — surprise, surprise — e-commerce, led by the dominant online marketplace Taobao of Alibaba Group.
Other big winners: life insurance and wealth management, which the report says will both more than triple in business by 2015, with health care not far behind — the growth in
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