China’s internet companies are developing cutting-edge mobile applications and leapfrogging the titans of U.S. technology in certain respects. China is no longer simply a tech copycat: Tencent, Alibaba and Baidu are playing a leading role in China’s shift to a consumption-led economy. Capital Group expects increasing amounts of mobile innovation to start in the country. My colleague, David Cummins, provides more colour: (VIEW LINK)
Capital Group is one of the oldest and largest funds management groups in the world, managing equity, fixed income and private equity assets for all types of investors. The company manages more than US$1.7 trillion in long-term assets for investors.
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