| Chinese multinational corporations(MNCs)have played a pivotal role in the global economy.Over the past decade,companies like Alibaba,Lenovo,Huawei,have increased their size and bolstered their market presence through disruptive technologies and innovation that enhanced their competitiveness.Considering the foregoing,this paper investigates the strategic motives of Ant Group,a popular online payments provider from China,to form strategic alliances using the ownership,location,internalization(OL1)model as framework,with particular focus on its experience in establishing joint ventures with emerging Asian economies.The findings suggest that the establishment of strategic alliances allowed Ant Group to leverage its ownership advantages in mobile payments and financial technology,draw on its location advantages in these emerging Asian economies,and internalize its operations in the market,thereby increasing its competitive advantage and market share in the region.Despite its limitations,the OLI model could be improved by considering the dynamic nature of the three factors,incorporating an understanding of the role of institutions and governance,and considering the role of networks and relationships.This paper highlights the importance of understanding the OLI factors that contribute to the entry of Chinese MNCs in emerging Asian markets. |
