What China can teach the world about new retail

China is well ahead of Western countries on retail and seamless e-commerce – here’s what international brands can learn.

That China has already beaten the US with cashier-less stores is indicative of just how quickly the Chinese market moves: Cashier-less stores are “so last year”, according to Peking University professor Jeffrey Towson.

“Cashier-less stores were 2017. They (the Chinese) have prototyped these. They’ve figured it out: you walk in, it scans your face, you take what you want,” said the investment advisor and China expert at the #Ready summit in Singapore.

But although China’s economic slowdown continues, the demise of consumer spending in the world’s biggest market is overblown: 2018 Singles’ Day event cemented a new record of US$30.8...

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