What will the internet conglomerate of tomorrow look like?
Two models — the Chinese and the American — are in full flood. They may also be converging. And though they look like they have plenty of room to run, accidents of politics and personality are never far away.
Alibaba’s surprisingly bullish revenue forecast earlier this month — it predicted growth this year a full 10 per cent above expectations — was taken by investors as powerful affirmation of a strategy that has at times looked scattershot.
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