China’s Offline Retail Challenge

China’s Offline Retail ChallengeIn the past decades, the Chinese retail market has experienced a significant transformation from traditional to modern, and is now again being disrupted by e-commerce. Since 1992, China’s retail market developed with the country’s rising economy and changing consumption habits. New and modern shop formats have been introduced during this period, such as department stores, hyper/supermarkets, convenience stores, exclusive stores, and other forms of business, which are shaping China’s modern retail landscape until now.What threats are China’s offline retail facing? After 2003, with the establishment of Alibaba’s Taobao platform, China consumers’ consumption habits have been changed dramatically …