Chinese e-commerce sector returns retail to stores

Alibaba’s 2017 Global Entrepreneur Conference was held

in Hangzhou on July 11. Under the theme of “Made in Internet”, CEOs and

founders of e-commerce and tech giants, like China's Alibaba, Xiaomi and

India's Paytm attended the conference.

Retail has

recently become as hot as AI and VR among tech investors. Many

e-commerce firms are stretching their feelers out from the cloud down to

the ground with landmark M&As.

Alibaba CEO

Zhang Yong introduced five new aspects in his speech, namely big data,

new tech, new devices, new financing tools, and restructure goods and

markets. He said that staff-less stores may be a new way to redefine

grocery shopping.

Meanwhile, by studying consumer

behavior data, companies can “then design, market, sell and serve in

order to satisfy customers,” Zhang added.