On September 21, Director of MOFCOM Circulation Industry Promotion Center Liu Decheng was invited to attend the 2018 Computing Conference in Hangzhou and discussed with the Alibaba Group executives hot topics on retail digitalization, retail technology applications, smart supply chains, etc., and delivered a keynote speech entitled "Go Into the New Age of Retail."
Director Liu Decheng held that innovation is the first driving force for development, and retail innovation has always been on the forefront of the times, which has shown seven unique new features: O2O deep integration of “e-commerce + store business”, “self-run + brand” return to the essence of retail, "commodity + service" rich consumer experience, "enlarge + reduce" business model differentiation, "big screen + small screen" marketing full visualization, "smart technology + big data" to promote transformation and upgrade, "supply chain + ecosphere " to guide production reversely, etc.
Director Liu Decheng said that China's retail industry has developed rapidly in the past 20 to 30 years, basically achieving the "curve overtaking", and the international influence and pervasiveness have been continuously enhanced. Looking into the future, China's retail industry has huge development space and sufficient momentum, and will gradually move toward scale oriented, quality based, diversification, internet supported, digitization, integration, and greening. The leading and demonstrating role for global retail development will become more prominent.
During the meeting, Director Liu Decheng visited the main exhibition hall of the computing Conference to gain an in-depth understanding of the achievements and the latest scientific and technological applications such as big data, cloud computing and Internet of Things.