Angela Wang at TED@BCG Milan
How China is changing the future of shopping (transcript)
Summary
The speaker tells us that a huge shopping revolution is happening in China right now. Shopping is always done on mobile, and payment is all virtual. It's very different more than a few years ago and elsewhere in the world. Ultra convenience is gradually becoming a fact.
However, I think that the questioner is really right. The question was whether this kind of impulsive consumption that is both economically and environmentally sustainable over the longer term or not. This will be the important question that the speaker also couldn't say yes.
I think that people have to think that the meaning and the value of shopping and people who create and deliver something that you buy unwillingly.
The huge population can delude us who think it's revolution. Many people must earn though it'll be a better revolution.
Additionally, Japanese people love to line in front of shops of checkout counters, bunk, Pachinko, lottery, and even in the hospital. When they eat Ramen, they willingly stand in a long queue because the line is said to show delicious shops. When they see a queue that people are lining, they start to line even they don't know why other people are lining. Even after a big earthquake, Japanese people waited to be delivered food while lining neatly. They were praised by the world. Thus it's not but an example. However, I don't like to line. hahaha
Words in this story
gossip /noun/ chat, talk
ecosystem /noun/ a biological community of interacting organisms and their physical environment. cycle.
tease /verb/ make fun of or attempt to provoke (a person or animal) in a playful way.
inspiration /noun/ innovation
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