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By CIW Workforce
In a comparatively quick time, China has change into one of many world’s largest digital economies. Because of the assist of practically one billion web customers, China’s e-commerce gross sales rose to $1.7 trillion in 2020, accounting for about 30% of the nation’s whole retail gross sales.
However scale just isn’t the entire level of the story. Innovation and disruption are the keys. China has bred many cutting-edge improvements and consulting firm McKinsey summarizes the six traits of China’s digital innovation within the subsequent few years together with giant retail integration, service virtualization, journey revolution, digital social life, Industrial Web of Issues, digital urbanization.
Giant retail integration
Scattered retail areas will proceed to be built-in, and omnichannel retail will likely be mixed with on-demand financial system, social financial system, and retail provide chain.
Retail and social areas will usher in large-scale seamless integration. Social e-commerce continued to flourish, and its proportion in whole e-…
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