WHY EXPLORING SHANGHAI ?

The leader of the O2O revolution in retail

#retail #O2O #omnichannel

By 2018 China is expected to become the number 1 market for retail, with Alibaba leading the way. China has re-imagined the retail industry by the integration of online, offline, logistics and data across a single value chain to provide a holistic shopping experience.  Everything in China is digitized, from the laundry service to the doctors consultation. To give an example of the scale of the O2O, the B2C food delivery Ele.me headquartered in Shanghai is already valued at $4.5 billion.  China’s embrace of O2O (online-to-offline) is driven by its mobile payment adoption (thanks to Alipay and WeChat pay), cheap labor costs for inexpensive delivery, ubiquity of QR codes and the government’s active push of growth through digital transformation.

Growing food tech startups scene

#foodtech

China is going through serious food challenges with a growing population but only 5 to 7% of its arable land.  An ongoing string of food safety scandals has shaken consumer confidence in the food supply chain. That has pushed agricultural innovation to the top of the country’s agenda, and that’s why food tech startups are growing rapidly in China. 260 national agriculture and science technology parks are built across the country to serve as part-technology showcase, part R&D pilot farms. Shanghai hosts the first Chinese food tech accelerator.  The chinese food industry is expected to evolve in a similar fashion to their internet industry, where 4 of the world’s top 10 companies are Chinese.

Cloud computing, big data and IoT are changing healthcare in China

#Healthtech #IoT

China’s health-conscious younger generation, overcrowded hospitals and a shortage of doctors are shaping China’s Health tech industry, which is expected to reach $5.6 billion by 2017. 47% of the population had a wearable device in 2016. The Shanghai region hosts China’s first cloud hospital with services such as online appointments, video consultation, diagnosis to e-prescription, online payment and medicine delivery at home. Many Chinese prefer to self-diagnose and monitor individual fitness and food intake to eliminate the need to consult directly with a doctor, which opened up a market for healthtech such as blood pressure monitors, food safety checkers, activity trackers and more. Founded by We Doctor, headquartered in Shanghai, Wuzhen Internet Hospital is China’s largest online hospital registration booking system, medical treatment and healthcare service platform. After 4 years of its founding, 270 million consultations have been given through this system.

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