Alibaba becomes one of the organizations to grab attention of Chinese, South Korean and Japanese CEOs

A survey has discovered that Alibaba has grabbed attention of a number of Southeast Asian Chief executive officers

Alibaba Group Holding Limited has become one of those organizations which would be watched by a number of Chief executive officers. A Joint survey conducted in 3 countries has revealed that Softbank, Samsung and the Chinese ecommerce giant are amongst those corporations that have lured Chinese, South Korean and Japanese Chief executive officers.

The survey done by Global Times of China, a publication associated with the People’s Daily, Maeil Business Newspaper of South Korea and The Nikkei, asked senior officials about the corporations in the 3 countries that succeeded in grabbing their attention. Results have indicated that business heads in South Korea and Japan are closely watching changing in the industrial structure of the People’s Republic of China.

Alibaba headed the list of China based companies that have attracted the Japanese CEOs’ attention with 34.8% of the respondents based in Japan naming the online trading giant. The enterprise has been emblematic of the rapidly increasing electronic commerce industry of China.

Apart from operating two highly famous online shopping websites, Taobao and Tmall, the company is also offering an online payment facility  through its payment platform Alipay.  

As the Chinese economy grows at a sluggish rate, the major growth of expansion is going through a transition phase from the state-owned heavy industry towards smartphone and Internet businesses. This has improved the profile of Internet based service providers such as Baidu and Tencent Holdings along with phone maker Xiamoi, among South Korean and Japanese business leaders.

In South Korea, chiefs of Corporations are more interested in the Chinese electronics maker Xiamoi with 48.6% of the CEOs naming it the top attention grabber. The Beijing based enterprise is competing with foreign and local rivals for the largest share of Chinese smartphone market and its aggressively growing in states such as Brazil and India.  Business leaders in South Korea are closely watching the Chinese corporation, which is seriously challenging Samsung Electronics.

At the local level, Samsung Electronics enticed the most CEOs in South Korea, followed by maker of cosmetics AmorePacific Group and the internet company Kakao which is known for its mobile instant messaging application Kakao Talk.

As far as Japanese corporations are concerned, Toyota Motors Corporation grabbed the attention of CEOs in China, while their counterparts in South Korea chose SoftBank Group.

SoftBank was able to create a buzz in the South Korean region last summer, when it made an investment of $1bn in Forward Ventures, which provides E-shopping service Coupang. Samsung either the whole group or either Samsung Electronics led the list of the most eagerly viewed South Korean corporations in all the 3 Asian countries.