How China is leapfrogging the West
Published on 6 February 2020
Mobile payment penetration in China is over 80%, well ahead of the West. So ubiquitous is the technology that beggars on the street often use QR codes rather than asking for change. Michael Roberge, Co-Portfolio Manager of the Global Emerging Markets Fund says that large, innovative companies like Alibaba and Tencent are “changing the game” for payments in China.
In this video, Roberge discusses some of these unique opportunities, while Co-Portfolio Manager, Edward Su explains what developments could see them become more cautious about investing in China.