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