Related: Jack Ma: Alibaba is still a baby
Millward Brown, owned by WPP (WPPGY), said that more competition can be expected between Tencent, Alibaba and Baidu (BIDU, Tech30) — China’s top Internet search company.
“Through alliances and acquisitions, each attempted to become the default Internet ecosystem, the one-stop destination where customers could satisfy all their needs for search, news and entertainment, e-commerce, banking, email and myriad other services,” the report said.
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Factset: FactSet Research Systems Inc. 2015. All rights reserved.
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