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EXPLORIUM DISCOVERING THE FUTURE OF RETAIL

On September 24th, we were in Shanghai to attend the opening ceremony for Explorium, a Fung Group initiative in collaboration with IBM and Pico. Explorium is an innovative experimentation platform over the future of retail. report is a recap of what we saw.

EXPLORIUM: DISCOVERING THE FUTURE OF RETAIL

On September 24th, we were in Shanghai to attend the opening ceremony for Explorium, a Fung Group initiative in collaboration with IBM and Pico, which is an innovative experimentation platform over the future of retail. This report is a recap of what we saw.

Weekly Insights Sep 25, 2015

Our recent report, Global Chinese Shoppers: The $200 Billion Opportunity, a major study that we coproduced with consultancy firm China Luxury Advisors estimates that this group’s overseas retail spending will reach $422 billion by 2020—a 5-year CAGR of 13%

Hackers Worm Their Way into Apple’s iOS Orchard

On September 19, WeChat (a division of China Internet giant Tencent) posted a blog entry regarding a security flaw caused by external malware called XcodeGhost that was present in WeChat version 6.2.5 for iOS devices. The malware recorded user data and uploaded it to external servers. WeChat version 6.2.6, which was released on September 11, 2015, is the most recent version of the app and is not affected by the malware.

Doing Business in China

$1.63 billion in sales are made in the first 38 minutes
• 42.6% of sales are made via mobile devices
• The first domestic order is delivered in 15 minutes
• The first cross-border order is delivered in 2 hours
• In 2014, Alibaba offered an 11.11 shopping festival to global shoppers