With a huge domestic market and healthy GDP growth in the past 10 years, Chinese companies have had little incentive to look for expansion overseas. But with the Chinese economy slowing and growth opportunities at home nearing exhaustion, attitudes have started to change, according to the Financial Times. Data from fDi Markets show that outbound investment in the sector has gathered pace in recent years and is on course for a 50% increase in terms of project numbers this year, as the table shows. Among the giants taking a lead is Alibaba, a Hanghzou-based and NYSE-listed ecommerce company with a market capitalization of about $240bn. Between January 2014 and June 2016, it launched 15 greenfield projects overseas, of which nearly half were in the US, according to fDi Markets.
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