Startups To Watch
China has developed into a supply chain and logistics innovation hub, as retailers, manufacturers, and e-commerce companies digitize operations to handle the hulking volume of the $1.7T Chinese online retail market.
China is leading the way in terms of digitally-enabled delivery systems, ahead of the US and Europe. Top China-based e-commerce companies, such as JD.com and Alibaba, have increased the standard of delivery speed and service, offering 30-minute grocery delivery and white-glove luxury services. These rapid fulfillment services have kept Chinese consumers supplied even amid the Covid-19 pandemic.