China’s Tech Giants Are Leapfrogging the U.S. in Mobile Innovation
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)
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Paul Hennessy is managing director, Australia & New Zealand, at Capital Group. As a relationship manager, he is responsible for covering the institutional client base in Australia and New Zealand. He has 33 years of investment industry experience and has been with Capital Group for eight years. Prior to joining Capital, he was head of Australian and New Zealand distribution for Macquarie Bank’s fund management division. Before that, he was global head of relationship management for Macquarie Securities and CIBC World Markets in North America.
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