Business
E-Commerce, Fintech, and Cloud: CEOs of Alibaba, Peak Fintech, Logiq and eBay Discuss New Global Growth Opportunities
E-Commerce, Fintech, and Cloud: CEOs of Alibaba, Peak Fintech, Logiq and eBay Discuss New Global Growth Opportunities.
About this update from Logiq Inc.
[{"type":"text","content":"\n NEW YORK, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Alibaba Group Holdings (NYSE: BABA), Logiq (OTC: LGIQ), Peak Fintech (OTC: PKKFF) (CSE: PKK), and eBay (NASDAQ: EBAY). eBay, Inc. (NASDAQ: EBAY) CEO Jamie Iannone: “A Clear Vision To Realize Enormous Untapped Potential of eBay.” https://bit.ly/3g3VUlw Peak Fintech Group (OTC:PKKFF) (CSE: PKK) CEO Johnson Joseph: “China Fintech Revenues Ready to Explode” VIDEO: https://bit.ly/3mrzZIt Alibaba Group Holdings (NYSE: BABA) Daniel Zhang CEO: “Big Growth Opportunities in Cloud and Southeast Asia” https://bit.ly/3dZ8vXT Logiq, Inc. (OTC: LGIQ) President, Brent Suen: “Southeast Asia Fintech/Ecomm with 10X Upside Potential” VIDEO: https://bit.ly/31Ice7d Alibaba Group Holdings (NYSE: BABA) Daniel Zhang CEO: “Big Growth Opportunities in Cloud and Southeast Asia” In the latest earnings call, Alibaba CEO Daniel Zhang highlighted Alibaba Cloud and expansion in Southeast Asia as important new growth areas: Cloud Opportunities: “...The pandemic is accelerating demand for cloud infrastructure and services. According to IDC's latest report, Alibaba Cloud maintained its position as the largest public cloud service provider in China, which is a testament to Alibaba Cloud's strengthening market leadership. In the June quarter, our cloud computing revenue grew 59% year-over-year in sectors such as Internet, financial services, consumer retail and public services. Alibaba Cloud not only provides infrastructure as a service but also develops industry-specific technology and business solutions to address real-world application requirements for our customers...the China cloud market is going to be somewhere in the $15 billion to $20 billion total size range, and the U.S. market is about 8x that. So the China market is still at a very early stage...” Southeast Asia Strategic Growth Priority: “...Southeast Asia market is our strategic priority for Alibaba's globalization strategy...The pandemic has significant impact on many Southeast Asian countries, and it has converted many consumers into online shoppers. We believe the increasing adoption of online shopping is beneficial for healthy growth...