Chinese Fintech Companies And Their “Going Out” Strategies
Abstract/Contents
- Abstract
- In the late 1990s, Chinese President Jiang Zemin launched the strategy of Chinese companies’ “Going Out” into foreign markets as part of China’s “Opening-up and Reform.” These companies were largely state-owned enterprises (SOEs) and generally concentrated in the primary industry. Fast forward three decades and China is arguably undergoing a new form of “Going Out,” albeit of a different nature. This current phase is largely a bottom-up and private-led movement, driven by China’s most rapidly growing and innovative companies—its private technology companies. This paper outlines the ascendance of China’s fintech companies, primarily Ant Group and Tencent, since their incipience in the early 2000s. It analyzes these companies’ motivations and strategies for global expansion and considers their current and prospective influence on financial digitization across the globe. Finally, it assesses the distinct opportunities and challenges that China’s fintech companies face—both domestically and abroad—as they strive to grow up and go out.
Description
| Type of resource | text |
|---|---|
| Date created | June 2021 |
Creators/Contributors
| Author | Han, Alice Siqi |
|---|---|
| Primary advisor | Li, Hongbin |
| Degree granting institution | Stanford University, Stanford Global Studies, Center for East Asian Studies |
Subjects
| Subject | Stanford |
|---|---|
| Subject | CEAS |
| Subject | China |
| Subject | Fintech |
| Subject | Innovation |
| Subject | Technology |
| Genre | Thesis |
Bibliographic information
Access conditions
- Use and reproduction
- User agrees that, where applicable, content will not be used to identify or to otherwise infringe the privacy or confidentiality rights of individuals. Content distributed via the Stanford Digital Repository may be subject to additional license and use restrictions applied by the depositor.
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
Preferred citation
- Preferred Citation
- Han, Alice Siqi. (2021). Chinese Fintech Companies And Their “Going Out” Strategies. Stanford Digital Repository. Available at: https://purl.stanford.edu/wk805ps6564
Collection
Stanford Center for East Asian Studies Thesis Collection
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- Contact
- alicesqhan@gmail.com
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