Two decades of Chinese economic policy prepared the way for JD.com and Alibaba

The growth of JD.com and Alibaba are the result of nearly two decades of strong modernisation efforts by China, as its government sought to integrate its economy into global trade.

Chinese tech companies are the hottest thing in the corporate world right now. Last month Alibaba – the country’s largest e-commerce group – filed an application for what promises to be an unprecedentedly massive IPO on the US stock market. Now it is the turn of JD.com – the Amazon to Alibaba’s eBay. Its IPO last week raised US$1.78 billion and was 15 times oversubscribed.

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