Seven valuable lessons Western retailers can learn from China

The baby products section of an RT-Mart hypermarket, backed by Alibaba, in Shanghai. Alibaba has applied the "new retail" concept to some 400 brick-and-mortar stores in Chinese cities.PHOTO: BLOOMBERG

Last Updated on March 13, 2020 by Team Ideas24 From facial recognition payments to super fast delivery and even in-store childcare services, there is a lot that Western countries could learn from the ‘new retail’ concept in China. ‘New Retail’ The term ‘new retail’, coined in 2016 by Jack Ma, Alibaba founder, describes the future […]