James Crabtree is an associate professor in practice at the Lee Kuan Yew School of Public Policy at the National University of Singapore. He is author of "The Billionaire Raj."
Market power of Alibaba, Reliance, Tencent and Gojek could outweigh US behemoths

Icons of Chinese online apps are pictured with that of Facebook: supporting concentrated monopolies has become official policy across much of Asia. © Getty Images
James Crabtree is an associate professor in practice at the Lee Kuan Yew School of Public Policy at the National University of Singapore. He is author of "The Billionaire Raj."