China’s retail revolution has already begun, and it is accelerating.
Online continues to gain influence over retail spending and consumer behavior world-wide, a secular shift across the consumer landscape with far-reaching implications for investors. This is especially true in China, where we expect the growth of the online shopping market to be even faster than what has been seen in the developed world.
Lower retail market consolidation, a larger online and offline price gap, lower search costs and higher price transparency are among several factors in China’s favour.
(Source: Shanghai Daily)