JD.com remains China's biggest online retailer and if there is nothing that we learnt from COVID, online services are the few strongholds left for a safe return of investments. All around China, a revolution is occurring as traditional retailers are going bust due to high rental prices with poor sales. This coupled with ridiculously efficient delivery services that expedite online retailers to flourish when people do not really want to go to crowded malls.
In the likes of this significant shift in behaviour, brick and motar businesses are all suffering from the consumer lethargy caused by the pandemic. Online retailers with the likes of Amazon, Alibaba, JD e.t.c especially retailers with a profitable logistics system have completely taken over due to a shift in consumer behaviour. Even when COVID disappears, this onine shopping habit will already be reinforced and I foresee that habit never returning back to the 90's.
COVID has clearly accelerated all businesses who are heavily IT-dependent. When you combine that with lifeproducts, essential services, and entertainment rolled into a single platform, I do not think it is going to fail anytime too soon.
In the likes of this significant shift in behaviour, brick and motar businesses are all suffering from the consumer lethargy caused by the pandemic. Online retailers with the likes of Amazon, Alibaba, JD e.t.c especially retailers with a profitable logistics system have completely taken over due to a shift in consumer behaviour. Even when COVID disappears, this onine shopping habit will already be reinforced and I foresee that habit never returning back to the 90's.
COVID has clearly accelerated all businesses who are heavily IT-dependent. When you combine that with lifeproducts, essential services, and entertainment rolled into a single platform, I do not think it is going to fail anytime too soon.
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