This is what sets Chinese retailers apart from global competitors
Technology hasn’t just transformed China’s retail space, it has given the country a leg up on their competition around the world.
Innovation in China’s retail industry has led to newer ways for businesses to sell their products to consumers — online, offline and over social networks, Ling Chenkai, VP at JD.com told CNBC.
Specifically, China’s retail sector has adopted advanced technologies including artificial intelligence (AI), and blockchain. That has led to the development of new types of retail segments, including unmanned convenience stores that allow customers check out items on their own, and feature facial recognition technology and electronic price tags, the report explained.
To read more, click here.
Innovation in China’s retail industry has led to newer ways for businesses to sell their products to consumers — online, offline and over social networks, Ling Chenkai, VP at JD.com told CNBC.
Specifically, China’s retail sector has adopted advanced technologies including artificial intelligence (AI), and blockchain. That has led to the development of new types of retail segments, including unmanned convenience stores that allow customers check out items on their own, and feature facial recognition technology and electronic price tags, the report explained.
To read more, click here.