Alibaba it wants to compete with Bloomberg, Reuters and all the financial information giants. As MF writes today, the Chinese e-commerce giant, which has already made its debut in finance with Alipay and Yuebao services, yesterday announced a 171 million euro (2,1 billion yuan) investment in China Business News, a publishing company specializing in markets and headed by the Shanghai Media Group.
The plan is to provide financial data through a new platform to investors and small and medium-sized businesses. The added value brought by Alibaba is the amount of data collected on the IT channels in which it operates.
"The era of data technology is now - commented Jack Ma, founder and number one of Albaba -, we will surpass the era of information technology".
