Future of Retail?
China’s take-no-prisoners Big Tech war is playing out in An Huang’s little family grocery in Hangzhou, a three-hour drive southwest of Shanghai…. Alibaba says that over the last year, it has redone about 1 million mom and pop shops like the Huangs’ across China. It has done the same with about a hundred superstores. Big and small, these outlets buy all their goods through Alibaba’s platform and pay using its affiliate Alipay app.