2: THE RISE OF E-COMMERCE IN CHINA
1. Goldman Sachs, “China E + Commerce: Shopping Re-Imagined” (Goldman Sachs Equity Research, February 28, 2017), 1.
2. eMarketer, “Worldwide Retail Ecommerce Sales: eMarketer Forecast for 2016,” August 16, 2016, https://www.emarketer.com/Report/Worldwide-Retail-Ecommerce-Sales-eMarketer-Forecast-2016/2001849.
3. T. Talhelm, X. Zhang, S. Oishi, D. Duan, X. Lan, and S. Kitayama, “Large-Scale Psychological Differences Within China Explained by Rice versus Wheat Agriculture,” Science 344, no. 6184 (May 9, 2014): 603–608.
4. “China’s No. 1 Department Store,” New York Times, November 28, 1982.
5. “Another China Net Pioneer Quits,” CNN.com, August 10, 2001, http://edition.cnn.com/2001/BUSINESS/asia/08/10/hk.dotcomdeparture/.
6. “JD.com Had a Big Quarter Thanks to China E-commerce Growth,” Business Insider, May 12, 2016 (citing iResearch market share numbers).
7. Duncan Clark, Alibaba (New York: Harper-Collins, 2016), 147–149.
8. Stanford Graduate School of Business case study, “Taobao vs EBay China,” January 4, 2010.
9. Kathrin Hille, “Lessons from an Early Failure,” Financial Times, June 24, 2012.
10. Ibid.
11. Edward Tse, China’s Disruptors: How Alibaba, Xiaomi, Tencent, and Other Companies Are Changing the Rules of Business (New York: Portfolio/Penguin, 2015), 85.
12. eMarketer, “WeChat is China’s Most Popular Chat App,” June 9, 2016, https://www.emarketer.com/Article/WeChat-Chinas-Most-Popular-Chat-App/1014057.