Alibaba tops the list to become the number one company that competitors are “most worried about” for their disruptive business models in the latest KPMG tech survey.
12 percent of more than 750 tech industry leaders in global companies have named Alibaba as the most likely to disrupt their business, as revealed in the KPMG technology innovation findings in March 2018. Facebook was not far behind, being the second most “worrying company” with 11 percent on the ranking, followed by Airbnb at 10 percent, Amazon and Google both with 9 percent.
Alibaba was identified to disrupt other businesses by 19 percent of tech leaders in the US, while American firms such as Airbnb and Facebook ranked at 12 percent each in views of Chinese respondents.
With Alibaba moving into so many aspects of business, from payments to logistics to finance, this is probably not a surprise — although it is the first time that a Chinese company has been recognized in such a power position by this report.
Among the Top 15 on the list are other four Chinese companies: Xiaomi, Tecent, DJI and Didi Chuxing.
Another interesting finding from the survey identifies regulation as the leading restraint on innovation. This however, does not come as a surprise given that many policies are in state of flux. There is also increasing concern that these tech giants will crowd out competitors and startups, ultimately restricting true innovation.