Chinese consumers are driving growth in GDP (1), but Chinese companies are feeling the squeeze of a slowing economy (2). Retail giants are pivoting from a top-heavy conglomerate (3) to a sleeker more reliable provider (4) and expanding into agriculture (5) and rural regions (6), and driving growth in China’s on-demand services industry (7).
Despite the slowdown, China’s online retail sector is set to continue expanding (8), investing (9), and attracting new players (10).
The New Retail movement, in many ways spearheaded by Alibaba (11), is modernizing Retail in a way that Western retailers are finding challenging to mimic (12). From expanding into their own logistics, integrating a social component, and building communities around their platforms (13), Chinese retailers are leaving their European and American counterparts far behind.
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Pinduoduo to offer 3,500 new job positions in 2019 - China.org.cn