China’s retail giants are doubling as investors, and in this case, the diversification seems to be working in their favor (1). Meituan’s market share puts them firmly in the category of a monopoly (2), however, modern retail seems to be leaving traditional American brands behind (3).
Technology will be the driving force behind retail-of-the-future, with savvy managers getting ahead of the curve by implementing AI solutions (4), fast delivery options (5), and diversifying into tech services (6), turning retail into a more immersive experience for the modern shopper.
References
Meituan’s daily orders exceed 20 million, market share increases to 59.1%
Inside Sears' death spiral: How an iconic American brand has been driven to the edge of bankruptcy
How Germany’s Otto uses artificial intelligence
Alipay's parent company says tech services — not payments — will be its main business in the future