Areas of Consumer Technology Where China Leads Innovations vs U.S.
New Retail
- Online to offline and back to online
- Mobile payment enabling analysis on buyer’s online data in offline purchases
Alibaba enabling convenient stores in China
- More than 6 million convenient stores
- 40x of number of 711 and gas stations in the US
- Collecting data and insights on consumer behavior
- Make the connection across payment, delivery, logistics, purchase, financing, online and offline
Logistics
- Alibaba Hema fulfillment center for deliveries
- 30 min delivery for everything
- Coffee, grocery, everything delivered
Shared Economy
- Shared bikes
- Shared chargers
- Shared kiosks for food in office and stores
- Shared karaoke
Mobile
- Mobile payment
- 656M smartphone users — from cheap smartphones & smartphone plans
- Bike sharing
- Mobile games as social
- Mobile menu and ordering in restaurants
Media
- Short video
- Streaming
- Online celebrity economy
- Paid knowledge — 得到
Everything moves 2–3 times faster in China
- Leapfrogging
- Population density and attitude to technology
- Mobile internet adoption — cheap smartphones and cheap smartphone plans
- Demographic — more saving and shifting to more spending