I wrote a story for today’s New Zealand Herald on a deal that puts NZ seafood on Chinese plates within hours of being fished out of the sea.
For me the most incredible thing is the size of the China opportunity with Alibaba:
Mike Arand, New Zealand Trade and Enterprise Commissioner in Shanghai, says Alibaba dominates internet retailing in China. If China isn’t already the world’s largest e-commerce market, it soon will be. Last year the number of Chinese online shoppers passed the 300 million mark. Consequently the online companies servicing Chinese consumers operate on a massive scale. The privately owned but soon to go public online trader is already bigger than Amazon and eBay combined.