Open Sesame!: Alibaba and E-commerce in China

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Half the world is on the Internet. By the end of June 2015, China recorded a total of 667 million Internet users. Taobao and Tmall, Alibaba Group’s giant e-commerce platforms, posted a record-breaking RMB 91.2 billion on Singles' Day, 2015; and Alibaba Group with its annual sales volume of RMB 3 trillion, has surpassed Walmart to become the world’s largest retail platform. Dr. Ming Zeng, Chief Strategy Officer of Alibaba Group, will first give an insider’s account of how Alibaba was able to scale up its operations from Jack Ma’s humble operations into one of the world’s largest companies. He will further discuss how the Web technology is transforming China’s consumer and production economy.

Dr. Ming ZENG currently serves as Executive Vice President of Alibaba Group Holding Limited and Chief Strategy Officer of Alibaba Group. Dr. Zeng is also the founding Dean of Hupan University of Entrepreneurship, an educational institution founded in 2015 by Jack Ma and other business leaders in China. He is a frequent contributor to leading management journals and is the author of Dragons at Your Door: How Chinese Cost Innovation Is Disrupting Global Competition (2007). Dr. Zeng previously served as a faculty member at INSEAD from 1998 to 2002 then helped to found the Cheung Kong Graduate School of Business in Beijing, the first private business school in China. Dr. Zeng obtained his Ph.D. in International Business and Strategy from University of Illinois at Urbana-Champaign in 1998, and his Bachelor's degree in International Economics from Fudan University, China, in 1991.

Duncan Clark is the Chairman of BDA China, a consultancy he founded in Beijing in 1994 after four years as an investment banker with Morgan Stanley in London and Hong Kong. BDA China is an advisory firm serving investors in China’s technology and consumer sectors, employing over 100 mainland Chinese professionals in Beijing. An early advisor to leading Chinese Internet entrepreneurs, Mr. Clark is also the author of Alibaba: The House that Jack Ma Built (2016), an insider’s look at China’s e-commerce and technology giant and its founder Jack Ma.

This event is off the record.