LAS VEGAS, the United States, Jan. 9-- "Influence and sophistication of online shopping and other digital e-commerce technology has shifted from the West to the East, with China, South Korea and Japan taking the lead," revealed Daniel Weisblum, senior intelligence manager for Coresight Research at the Consumer Electronics Show (CES) 2020 Wednesday. Coresight Research is a New York-based research and advisory firm that provides future-focused analysis and consulting to organizations navigating the intersection of retail, technology and fashion. "Chinese consumers are fully adapted to online shopping and China's AI-driven personalization is far ahead of what we see in the West," he told Xinhua after a keynote at a special session on e-commerce's future on Wednesday. Weisblum pointed out several key reasons for this shift during his CES presentation. Firstly, unlike the West, as a mobile first nation, at the time mobile capabilities came along in the 1990's, China still lacked the extensive legacy wireline broadband infrastructure that the West had had for decades, and they also had a relatively low PC adoption rate, he said. This allowed Chinese to leapfrog over legacy tech to the rapid adoption of mobile and smart phones. Meanwhile, China's underdeveloped brick and mortar retail industry in the 1990s and 2000s also allowed for the preferential adoption of online shopping, which paved the way for the rapid growth of e-commerce and the rise of online retail giants like Alibaba, he said. |