Is the future of cartech in China?

In recent years, it has been amazing to how China has become the most innovating country in the e-commerce world. This happened for several reasons. First, since the physical retail infrastructure was not well developed in China, digital advances were able to help accelerate the growth relative to the West. Then, mobile quickly scaled and became ubiquitous in China while the delivery infrastructure continued to stay at low cost. Furthermore, friction-less mobile payment become a norm, and the leaders of this digital economy were more open than in the West to build an ecosystem where everybody wins. These favorable elements merged into a whole ecosystem that we can qualify as “Silicon Valley of E-commerce”, and has resulted in massive growth driven by vivid innovations. E-commerce will soon represent around 30% of the commerce in China, and China is now also reinventing retail itself as a secondary effect.