E-Commerce and Financial Services in Asia

Gerhard Kling holds a Chair in Finance at the University of Aberdeen, UK. Before joining Aberdeen, he was Professor of International Business and Management at SOAS University of London, UK, Professor of Finance at the University of Southampton, UK, and held academic posts at UWE, UK and Utrecht University, Nethderlands. He worked as Practice Specialist in Corporate Finance at McKinsey & Company. He studied Economics and Mathematics (BSc and MSc). Ingyu Oh is Global Fellow at Ewha Womans University, Seoul, South Korea, and Professor of Business Management and Cultural Studies at Kansai Gaidai University, Hirakata, Japan. Many of his books and journal articles deal with East Asian corporate governance, knowledge management and business culture. He is the Deputy Editor of Asia Pacific Business Review. Chris Rowley, Kellogg College, University of Oxford and Bayes Business School, City, University of London, UK, researches and publishes in the areas of Asian business and management and work. He has written over 220 articles, 270 book chapters and 50 books and provides specialist talks and masterclasses to numerous international universities and businesses as well as commentary and opinion pieces to practitioner journals and the mass media.

Introduction - Setting the Scene for Asian E-Commerce and Financial Services: Alibaba, Coupang and SoftBank 1. A new global division of labour in venture capital flows: Coupang’s IPO success at the New York Stock Exchange 2. What explains Alibaba’s miraculous IPO success on the New York stock exchange? 3. Overcoming the liability of foreignness in US capital markets: the case of Alibaba and Coupang 4. Impact of dual-class share structure: Alibaba IPO success analysis 5. Global expansion with takeovers and value creation with integration in China: a case study of Alibaba and Lazada 6. The effects of political embeddedness on cross-border mergers and acquisitions in China: Alibaba’s case 7. Will Alibaba’s additional financial service contribute to sellers’ satisfaction and loyalty during the pandemic? Evidence from Taobao sellers 8. Interaction between individual and collective learning in an entrepreneurial setting: case study of SoftBank Academia in Japan