Alibaba rewrites e-com playbook, while ZTO is sued over $1.4bn IPO
Two stories from the world of Chinese ecommerce today. First up, Alibaba is going into ...
As this article points out, if you live in the UK or on either of the US coasts, the numbers on e-commerce are quite surprising in that they are far lower than we all thought. While Brits are spending the equivalent of more than $1,000 a year on average on e-commerce, the US is just lower than that. Then the spend falls significantly for other well-developed countries, while the top emerging market, China, spends half that amount.
Why is this interesting? The writer points out that brick-and-mortar retailers such as Wal-mart, which have invested in countries where the e-commerce spend is low, shouldn’t be underestimated. However, other retailers, such as Target, may not be in the clear: “Target has hitched its future to physical stores in one of the two least hospitable countries to that strategy,” notes the author. Interesting.