Too Long; Didn't Read
Over the past decade, the <a href="https://hackernoon.com/tagged/retail-industry" target="_blank">retail industry</a> has taken flight with digital transformation. In particular, global e-commerce sales have experienced double digit consistently; the global retail e-commerce sales is expected to hit <a href="https://retail.emarketer.com/article/brief-overview-of-global-ecommerce-m%20xarket/59690010ebd40005284d5cc5" target="_blank">4.48 trillion USD in 2021</a>, almost twice of 2017’s 2.29 trillion USD. It is thus worth taking a look at two of the biggest e-commerce firm in China- <a href="https://hackernoon.com/tagged/alibaba" target="_blank">Alibaba</a> and JD.com- and how their innovations and foresight in the industry has propelled them to become eBay and Amazon of the East.