Hangzhou Has Turned into an Innovative Cradle of Global New Retail

The concept of new retail was put forward for the first time by Jack Ma at the Computing Conference in October 2016. This brand-new business model has been introduced to the whole world during the past year. American retail giants like Costo, Starbucks and Macy’s have all realized integrated operation of online and offline shops by virtue of new retail.

Author: WANG Xiaoxiao Editor:CHEN Junnan