Saved by Sam Blumenthal
AI hosts fuel China's livestream shopping boom
Fresh groceries have remained the holy grail of e-commerce. A task so daunting that even Amazon hasn't been able to crack it. In China, the retail grocery market is estimated by McKinsey to be worth 5.2 trillion RMB (794bn dollars) in 2019, with only 10% of that currently online. In 2020, it seems like we've finally found a business model where the... See more
Lillian Li • The hottest and least understood e-commerce model: Community Group Buying
Toutiao is just one company, but its success is indicative of China’s strength in internet AI. With more than 700 million internet users all digesting content in the same language, China’s internet juggernauts are reaping massive rewards from optimizing online services with AI. That has helped fuel the rapid rise of Tencent’s market cap—surpassing
... See moreKai-Fu Lee • AI Superpowers: China, Silicon Valley, and the New World Order
When Beijing’s economic planners do talk about consumption, they tend to do so in relation to industrial aims. In its brief discussion of the subject, the current five-year plan states that consumption should be steered specifically toward goods that align with Beijing’s industrial priorities: automobiles, electronics, digital products, and smart a
... See moreZongyuan Zoe Liu • China’s Real Economic Crisis
